This property looks like a bad Mid-Term investment with a projected -11.78% first-year return on $139k initial cash invested.
-11.78%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$3,610
Rent
-$1,362
Cashflow
Cash Flow
$3,610 income − $4,972 expenses = $1,362 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%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,610
Total Expenses
$4,972
Mortgage P&I
86%
$3,107
Property Taxes
12%
$438
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397