This property looks like a bad Mid-Term investment with a projected -7.7% first-year return on $138k initial cash invested.
-7.7%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$4,552
Rent
-$885
Cashflow
Cash Flow
$4,552 income − $5,437 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,709
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,552
Total Expenses
$5,437
Mortgage P&I
69%
$3,119
Property Taxes
10%
$470
Home Insurance
6%
$271
HOA
1%
$29
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501