This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $139k initial cash invested.
-13.07%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$4,454
Rent
-$1,517
Cashflow
Cash Flow
$4,454 income − $5,971 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,775
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,454
Total Expenses
$5,971
Mortgage P&I
70%
$3,135
Property Taxes
22%
$1,000
Home Insurance
7%
$322
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490