This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $136k initial cash invested.
-12.75%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$3,423
Rent
-$1,441
Cashflow
Cash Flow
$3,423 income − $4,864 expenses = $1,441 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,599
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$4,864
Mortgage P&I
88%
$3,006
Property Taxes
15%
$497
Home Insurance
6%
$196
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377