This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $139k initial cash invested.
-7.39%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$4,269
Rent
-$854
Cashflow
Cash Flow
$4,269 income − $5,123 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,269
Total Expenses
$5,123
Mortgage P&I
71%
$3,047
Property Taxes
8%
$340
Home Insurance
5%
$201
HOA
2%
$83
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470