This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $139k initial cash invested.
-4.95%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$5,098
Rent
-$574
Cashflow
Cash Flow
$5,098 income − $5,672 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,767
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,098
Total Expenses
$5,672
Mortgage P&I
62%
$3,154
Property Taxes
11%
$574
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561