This property looks like a bad Mid-Term investment with a projected -14.82% first-year return on $139k initial cash invested.
-14.82%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$2,865
Rent
-$1,714
Cashflow
Cash Flow
$2,865 income − $4,579 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,865
Total Expenses
$4,579
Mortgage P&I
112%
$3,198
Property Taxes
7%
$205
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315