This property looks like a bad Mid-Term investment with a projected -6.26% first-year return on $139k initial cash invested.
-6.26%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$5,078
Rent
-$725
Cashflow
Cash Flow
$5,078 income − $5,803 expenses = $725 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,762
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,078
Total Expenses
$5,803
Mortgage P&I
61%
$3,122
Property Taxes
15%
$752
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559