This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $139k initial cash invested.
-12.75%
Cash On Cash
3.41%
Cap Rate
0.55
DSCR
$4,005
Rent
-$1,481
Cashflow
Cash Flow
$4,005 income − $5,486 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,779
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,005
Total Expenses
$5,486
Mortgage P&I
74%
$2,963
Property Taxes
23%
$916
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441