This property looks like a bad Mid-Term investment with a projected -7.06% first-year return on $139k initial cash invested.
-7.06%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$3,903
Rent
-$816
Cashflow
Cash Flow
$3,903 income − $4,719 expenses = $816 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
$3,903
Total Expenses
$4,719
Mortgage P&I
78%
$3,063
Property Taxes
3%
$129
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429