This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $139k initial cash invested.
-11.53%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$3,264
Rent
-$1,332
Cashflow
Cash Flow
$3,264 income − $4,596 expenses = $1,332 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,742
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$4,596
Mortgage P&I
99%
$3,229
Property Taxes
1%
$30
Home Insurance
6%
$201
HOA
1%
$25
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359