This property looks like a bad Mid-Term investment with a projected -17.42% first-year return on $138k initial cash invested.
-17.42%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$2,628
Rent
-$1,999
Cashflow
Cash Flow
$2,628 income − $4,627 expenses = $1,999 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,702
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,628
Total Expenses
$4,627
Mortgage P&I
110%
$2,893
Property Taxes
24%
$631
Home Insurance
8%
$210
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289