This property looks like a bad Mid-Term investment with a projected -3.93% first-year return on $139k initial cash invested.
-3.93%
Cash On Cash
5.41%
Cap Rate
0.91
DSCR
$5,084
Rent
-$454
Cashflow
Cash Flow
$5,084 income − $5,538 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.3%
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
$5,084
Total Expenses
$5,538
Mortgage P&I
56%
$2,842
Property Taxes
15%
$767
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559