This property looks like a bad Mid-Term investment with a projected -20.2% first-year return on $139k initial cash invested.
-20.2%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$2,216
Rent
-$2,336
Cashflow
Cash Flow
$2,216 income − $4,552 expenses = $2,336 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,216
Total Expenses
$4,552
Mortgage P&I
133%
$2,945
Property Taxes
29%
$652
Home Insurance
9%
$201
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$66
Maintenance
4%
$89
Other
11%
$244