This property looks like a bad Mid-Term investment with a projected -8.23% first-year return on $139k initial cash invested.
-8.23%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$4,365
Rent
-$952
Cashflow
Cash Flow
$4,365 income − $5,317 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,751
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,365
Total Expenses
$5,317
Mortgage P&I
72%
$3,122
Property Taxes
12%
$502
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$480