This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $138k initial cash invested.
-7.8%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$4,212
Rent
-$899
Cashflow
Cash Flow
$4,212 income − $5,111 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,728
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,212
Total Expenses
$5,111
Mortgage P&I
74%
$3,126
Property Taxes
8%
$354
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463