This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $139k initial cash invested.
-4.61%
Cash On Cash
5.69%
Cap Rate
0.89
DSCR
$5,172
Rent
-$532
Cashflow
Cash Flow
$5,172 income − $5,704 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,172
Total Expenses
$5,704
Mortgage P&I
59%
$3,047
Property Taxes
13%
$670
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569