This property looks like a bad Mid-Term investment with a projected -13.15% first-year return on $139k initial cash invested.
-13.15%
Cash On Cash
3.42%
Cap Rate
0.54
DSCR
$3,080
Rent
-$1,521
Cashflow
Cash Flow
$3,080 income − $4,601 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,080
Total Expenses
$4,601
Mortgage P&I
99%
$3,037
Property Taxes
10%
$316
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339