This property looks like a bad Mid-Term investment with a projected -6.13% first-year return on $139k initial cash invested.
-6.13%
Cash On Cash
5.44%
Cap Rate
0.83
DSCR
$4,796
Rent
-$709
Cashflow
Cash Flow
$4,796 income − $5,505 expenses = $709 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,796
Total Expenses
$5,505
Mortgage P&I
65%
$3,124
Property Taxes
11%
$541
Home Insurance
4%
$201
HOA
0%
$7
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528