This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $139k initial cash invested.
-5.84%
Cash On Cash
5.48%
Cap Rate
0.85
DSCR
$4,950
Rent
-$675
Cashflow
Cash Flow
$4,950 income − $5,625 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,753
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,950
Total Expenses
$5,625
Mortgage P&I
63%
$3,103
Property Taxes
11%
$535
Home Insurance
4%
$192
HOA
2%
$113
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544