This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $135k initial cash invested.
-7.26%
Cash On Cash
4.55%
Cap Rate
0.76
DSCR
$3,830
Rent
-$819
Cashflow
Cash Flow
$3,830 income − $4,649 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,592
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,830
Total Expenses
$4,649
Mortgage P&I
73%
$2,788
Property Taxes
9%
$356
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421