This property looks like a bad Mid-Term investment with a projected -11.34% first-year return on $139k initial cash invested.
-11.34%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$3,530
Rent
-$1,315
Cashflow
Cash Flow
$3,530 income − $4,845 expenses = $1,315 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,771
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$4,845
Mortgage P&I
90%
$3,189
Property Taxes
7%
$246
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388