This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $139k initial cash invested.
-8.37%
Cash On Cash
4.44%
Cap Rate
0.72
DSCR
$3,716
Rent
-$968
Cashflow
Cash Flow
$3,716 income − $4,684 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,716
Total Expenses
$4,684
Mortgage P&I
79%
$2,945
Property Taxes
7%
$274
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409