This property looks like a bad Mid-Term investment with a projected -16.65% first-year return on $139k initial cash invested.
-16.65%
Cash On Cash
2.46%
Cap Rate
0.4
DSCR
$3,106
Rent
-$1,925
Cashflow
Cash Flow
$3,106 income − $5,031 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,106
Total Expenses
$5,031
Mortgage P&I
96%
$2,978
Property Taxes
26%
$796
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342