This property looks like a bad Mid-Term investment with a projected -8.17% first-year return on $137k initial cash invested.
-8.17%
Cash On Cash
4.7%
Cap Rate
0.75
DSCR
$4,578
Rent
-$935
Cashflow
Cash Flow
$4,578 income − $5,513 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,682
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,578
Total Expenses
$5,513
Mortgage P&I
65%
$2,978
Property Taxes
17%
$760
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504