This property looks like a bad Mid-Term investment with a projected -10.78% first-year return on $139k initial cash invested.
-10.78%
Cash On Cash
4.53%
Cap Rate
0.67
DSCR
$4,176
Rent
-$1,246
Cashflow
Cash Flow
$4,176 income − $5,422 expenses = $1,246 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,176
Total Expenses
$5,422
Mortgage P&I
78%
$3,250
Property Taxes
13%
$552
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459