This property looks like a bad Mid-Term investment with a projected -11.15% first-year return on $138k initial cash invested.
-11.15%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$3,528
Rent
-$1,287
Cashflow
Cash Flow
$3,528 income − $4,815 expenses = $1,287 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,738
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,528
Total Expenses
$4,815
Mortgage P&I
86%
$3,038
Property Taxes
11%
$382
Home Insurance
5%
$192
HOA
0%
$4
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388