This property looks like a bad Mid-Term investment with a projected -14.23% first-year return on $135k initial cash invested.
-14.23%
Cash On Cash
3.16%
Cap Rate
0.5
DSCR
$3,435
Rent
-$1,602
Cashflow
Cash Flow
$3,435 income − $5,037 expenses = $1,602 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,575
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$5,037
Mortgage P&I
85%
$2,934
Property Taxes
19%
$648
Home Insurance
8%
$259
HOA
1%
$29
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378