This property looks like a bad Mid-Term investment with a projected -12.55% first-year return on $139k initial cash invested.
-12.55%
Cash On Cash
3.57%
Cap Rate
0.56
DSCR
$3,039
Rent
-$1,451
Cashflow
Cash Flow
$3,039 income − $4,490 expenses = $1,451 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
$3,039
Total Expenses
$4,490
Mortgage P&I
100%
$3,038
Property Taxes
7%
$217
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334