This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $139k initial cash invested.
-9.45%
Cash On Cash
4.35%
Cap Rate
0.69
DSCR
$3,778
Rent
-$1,093
Cashflow
Cash Flow
$3,778 income − $4,871 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,778
Total Expenses
$4,871
Mortgage P&I
80%
$3,025
Property Taxes
10%
$361
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416