This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $139k initial cash invested.
-2.23%
Cash On Cash
6.41%
Cap Rate
0.99
DSCR
$5,352
Rent
-$259
Cashflow
Cash Flow
$5,352 income − $5,611 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,778
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,352
Total Expenses
$5,611
Mortgage P&I
59%
$3,132
Property Taxes
7%
$355
Home Insurance
4%
$206
HOA
2%
$98
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$589