This property looks like a bad Mid-Term investment with a projected -6.99% first-year return on $138k initial cash invested.
-6.99%
Cash On Cash
4.64%
Cap Rate
0.77
DSCR
$3,848
Rent
-$805
Cashflow
Cash Flow
$3,848 income − $4,653 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,724
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,848
Total Expenses
$4,653
Mortgage P&I
74%
$2,863
Property Taxes
5%
$207
Home Insurance
5%
$208
HOA
2%
$67
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423