This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $139k initial cash invested.
-4.48%
Cash On Cash
5.79%
Cap Rate
0.9
DSCR
$5,100
Rent
-$518
Cashflow
Cash Flow
$5,100 income − $5,618 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,100
Total Expenses
$5,618
Mortgage P&I
61%
$3,088
Property Taxes
11%
$574
Home Insurance
4%
$201
HOA
0%
$21
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561