This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $136k initial cash invested.
-8.03%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$4,498
Rent
-$908
Cashflow
Cash Flow
$4,498 income − $5,406 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,498
Total Expenses
$5,406
Mortgage P&I
67%
$3,012
Property Taxes
15%
$666
Home Insurance
4%
$198
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495