This property looks like a bad Mid-Term investment with a projected -6.51% first-year return on $139k initial cash invested.
-6.51%
Cash On Cash
5.51%
Cap Rate
0.83
DSCR
$5,084
Rent
-$752
Cashflow
Cash Flow
$5,084 income − $5,836 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,739
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,084
Total Expenses
$5,836
Mortgage P&I
63%
$3,184
Property Taxes
14%
$732
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559