This property looks like a bad Mid-Term investment with a projected -13.56% first-year return on $139k initial cash invested.
-13.56%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$3,590
Rent
-$1,574
Cashflow
Cash Flow
$3,590 income − $5,164 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,776
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,590
Total Expenses
$5,164
Mortgage P&I
87%
$3,139
Property Taxes
17%
$614
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395