This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $139k initial cash invested.
-5.89%
Cash On Cash
5.44%
Cap Rate
0.84
DSCR
$4,678
Rent
-$682
Cashflow
Cash Flow
$4,678 income − $5,360 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,755
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,678
Total Expenses
$5,360
Mortgage P&I
66%
$3,104
Property Taxes
11%
$491
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515