This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $138k initial cash invested.
-9.07%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$3,518
Rent
-$1,043
Cashflow
Cash Flow
$3,518 income − $4,561 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,717
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,518
Total Expenses
$4,561
Mortgage P&I
87%
$3,051
Property Taxes
3%
$103
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387