This property looks like a bad Mid-Term investment with a projected -10.27% first-year return on $139k initial cash invested.
-10.27%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$3,975
Rent
-$1,187
Cashflow
Cash Flow
$3,975 income − $5,162 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,975
Total Expenses
$5,162
Mortgage P&I
77%
$3,073
Property Taxes
14%
$537
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437