This property looks like a bad Mid-Term investment with a projected -5.05% first-year return on $139k initial cash invested.
-5.05%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$5,042
Rent
-$583
Cashflow
Cash Flow
$5,042 income − $5,625 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,042
Total Expenses
$5,625
Mortgage P&I
62%
$3,116
Property Taxes
12%
$593
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555