This property looks like a bad Mid-Term investment with a projected -13.81% first-year return on $139k initial cash invested.
-13.81%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,487
Rent
-$1,597
Cashflow
Cash Flow
$2,487 income − $4,084 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$4,084
Mortgage P&I
117%
$2,906
Property Taxes
5%
$132
Home Insurance
8%
$201
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274