This property looks like a bad Mid-Term investment with a projected -5.32% first-year return on $139k initial cash invested.
-5.32%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$4,800
Rent
-$615
Cashflow
Cash Flow
$4,800 income − $5,415 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,800
Total Expenses
$5,415
Mortgage P&I
64%
$3,079
Property Taxes
10%
$503
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528