This property looks like a bad Mid-Term investment with a projected -13.09% first-year return on $139k initial cash invested.
-13.09%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$3,156
Rent
-$1,513
Cashflow
Cash Flow
$3,156 income − $4,669 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,156
Total Expenses
$4,669
Mortgage P&I
94%
$2,970
Property Taxes
13%
$425
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347