This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $139k initial cash invested.
-4.27%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$4,815
Rent
-$493
Cashflow
Cash Flow
$4,815 income − $5,308 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,743
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$5,308
Mortgage P&I
64%
$3,098
Property Taxes
8%
$367
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530