This property looks like a bad Mid-Term investment with a projected -12.18% first-year return on $139k initial cash invested.
-12.18%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$3,621
Rent
-$1,408
Cashflow
Cash Flow
$3,621 income − $5,029 expenses = $1,408 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
$3,621
Total Expenses
$5,029
Mortgage P&I
85%
$3,074
Property Taxes
14%
$522
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398