This property looks like a bad Mid-Term investment with a projected -16.84% first-year return on $139k initial cash invested.
-16.84%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,439
Rent
-$1,947
Cashflow
Cash Flow
$2,439 income − $4,386 expenses = $1,947 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,439
Total Expenses
$4,386
Mortgage P&I
130%
$3,164
Property Taxes
8%
$191
Home Insurance
8%
$201
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268