This property looks like a bad Mid-Term investment with a projected -13.23% first-year return on $139k initial cash invested.
-13.23%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$3,280
Rent
-$1,535
Cashflow
Cash Flow
$3,280 income − $4,815 expenses = $1,535 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,771
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$4,815
Mortgage P&I
98%
$3,228
Property Taxes
8%
$251
Home Insurance
6%
$208
HOA
0%
$13
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361