This property looks like a bad Mid-Term investment with a projected -11.19% first-year return on $139k initial cash invested.
-11.19%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$3,412
Rent
-$1,294
Cashflow
Cash Flow
$3,412 income − $4,706 expenses = $1,294 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$4,706
Mortgage P&I
93%
$3,173
Property Taxes
5%
$174
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375