This property looks like a bad Mid-Term investment with a projected -15% first-year return on $138k initial cash invested.
-15%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$2,907
Rent
-$1,731
Cashflow
Cash Flow
$2,907 income − $4,638 expenses = $1,731 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$4,638
Mortgage P&I
101%
$2,929
Property Taxes
18%
$511
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320