This property looks like a bad Mid-Term investment with a projected -7.58% first-year return on $137k initial cash invested.
-7.58%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$4,460
Rent
-$863
Cashflow
Cash Flow
$4,460 income − $5,323 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,460
Total Expenses
$5,323
Mortgage P&I
69%
$3,058
Property Taxes
12%
$551
Home Insurance
4%
$198
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491