This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $139k initial cash invested.
-13.13%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$2,996
Rent
-$1,518
Cashflow
Cash Flow
$2,996 income − $4,514 expenses = $1,518 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$4,514
Mortgage P&I
105%
$3,160
Property Taxes
4%
$133
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330