This property looks like a bad Mid-Term investment with a projected -11.75% first-year return on $139k initial cash invested.
-11.75%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$4,478
Rent
-$1,357
Cashflow
Cash Flow
$4,478 income − $5,835 expenses = $1,357 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,740
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,478
Total Expenses
$5,835
Mortgage P&I
69%
$3,094
Property Taxes
23%
$1,030
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493