This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $139k initial cash invested.
-2.85%
Cash On Cash
6.42%
Cap Rate
0.97
DSCR
$5,706
Rent
-$331
Cashflow
Cash Flow
$5,706 income − $6,037 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,770
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,706
Total Expenses
$6,037
Mortgage P&I
56%
$3,191
Property Taxes
12%
$705
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628