This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $139k initial cash invested.
-8.3%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$3,369
Rent
-$960
Cashflow
Cash Flow
$3,369 income − $4,329 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,369
Total Expenses
$4,329
Mortgage P&I
87%
$2,937
Property Taxes
1%
$45
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371