This property looks like a bad Mid-Term investment with a projected -13.55% first-year return on $139k initial cash invested.
-13.55%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$3,210
Rent
-$1,566
Cashflow
Cash Flow
$3,210 income − $4,776 expenses = $1,566 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,210
Total Expenses
$4,776
Mortgage P&I
97%
$3,111
Property Taxes
12%
$374
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353