This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $139k initial cash invested.
-8.3%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$4,824
Rent
-$960
Cashflow
Cash Flow
$4,824 income − $5,784 expenses = $960 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
$4,824
Total Expenses
$5,784
Mortgage P&I
66%
$3,171
Property Taxes
15%
$721
Home Insurance
4%
$201
HOA
1%
$50
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531