This property looks like a bad Mid-Term investment with a projected -4.91% first-year return on $139k initial cash invested.
-4.91%
Cash On Cash
5.88%
Cap Rate
0.89
DSCR
$5,116
Rent
-$568
Cashflow
Cash Flow
$5,116 income − $5,684 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,760
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,116
Total Expenses
$5,684
Mortgage P&I
62%
$3,185
Property Taxes
11%
$556
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$153
Maintenance
4%
$205
Other
11%
$563