This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $139k initial cash invested.
-7.63%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$4,148
Rent
-$883
Cashflow
Cash Flow
$4,148 income − $5,031 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,758
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,148
Total Expenses
$5,031
Mortgage P&I
74%
$3,072
Property Taxes
6%
$261
Home Insurance
5%
$203
HOA
2%
$85
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456