This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $139k initial cash invested.
-4.83%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$5,156
Rent
-$559
Cashflow
Cash Flow
$5,156 income − $5,715 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,156
Total Expenses
$5,715
Mortgage P&I
61%
$3,145
Property Taxes
12%
$616
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567