This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $136k initial cash invested.
-8.71%
Cash On Cash
4.68%
Cap Rate
0.73
DSCR
$4,520
Rent
-$991
Cashflow
Cash Flow
$4,520 income − $5,511 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,641
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,520
Total Expenses
$5,511
Mortgage P&I
67%
$3,010
Property Taxes
17%
$765
Home Insurance
4%
$199
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497