This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $139k initial cash invested.
-7.03%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$4,040
Rent
-$813
Cashflow
Cash Flow
$4,040 income − $4,853 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,040
Total Expenses
$4,853
Mortgage P&I
73%
$2,930
Property Taxes
9%
$348
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444