This property looks like a bad Mid-Term investment with a projected -13.38% first-year return on $139k initial cash invested.
-13.38%
Cash On Cash
3.35%
Cap Rate
0.53
DSCR
$2,860
Rent
-$1,553
Cashflow
Cash Flow
$2,860 income − $4,413 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,775
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$4,413
Mortgage P&I
107%
$3,053
Property Taxes
6%
$178
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315