This property looks like a bad Mid-Term investment with a projected -8.66% first-year return on $135k initial cash invested.
-8.66%
Cash On Cash
4.28%
Cap Rate
0.71
DSCR
$4,120
Rent
-$977
Cashflow
Cash Flow
$4,120 income − $5,097 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,589
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,120
Total Expenses
$5,097
Mortgage P&I
68%
$2,807
Property Taxes
17%
$686
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453