This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $139k initial cash invested.
-9.15%
Cash On Cash
4.19%
Cap Rate
0.69
DSCR
$3,608
Rent
-$1,058
Cashflow
Cash Flow
$3,608 income − $4,666 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,608
Total Expenses
$4,666
Mortgage P&I
81%
$2,920
Property Taxes
9%
$319
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397