This property looks like a bad Mid-Term investment with a projected -7.37% first-year return on $136k initial cash invested.
-7.37%
Cash On Cash
4.97%
Cap Rate
0.78
DSCR
$4,080
Rent
-$833
Cashflow
Cash Flow
$4,080 income − $4,913 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,599
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,080
Total Expenses
$4,913
Mortgage P&I
73%
$2,991
Property Taxes
5%
$192
Home Insurance
5%
$187
HOA
4%
$156
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449