This property looks like a bad Mid-Term investment with a projected -3.93% first-year return on $139k initial cash invested.
-3.93%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$5,384
Rent
-$454
Cashflow
Cash Flow
$5,384 income − $5,838 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,739
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,384
Total Expenses
$5,838
Mortgage P&I
59%
$3,199
Property Taxes
12%
$659
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592