This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $139k initial cash invested.
-3.57%
Cash On Cash
5.95%
Cap Rate
0.93
DSCR
$5,138
Rent
-$413
Cashflow
Cash Flow
$5,138 income − $5,551 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,138
Total Expenses
$5,551
Mortgage P&I
60%
$3,057
Property Taxes
11%
$545
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$565