This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $139k initial cash invested.
-6.27%
Cash On Cash
4.9%
Cap Rate
0.8
DSCR
$3,843
Rent
-$725
Cashflow
Cash Flow
$3,843 income − $4,568 expenses = $725 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,753
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,843
Total Expenses
$4,568
Mortgage P&I
76%
$2,918
Property Taxes
3%
$133
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423