This property looks like a bad Mid-Term investment with a projected -15.62% first-year return on $138k initial cash invested.
-15.62%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$2,940
Rent
-$1,792
Cashflow
Cash Flow
$2,940 income − $4,732 expenses = $1,792 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,940
Total Expenses
$4,732
Mortgage P&I
104%
$3,071
Property Taxes
14%
$421
Home Insurance
7%
$200
HOA
1%
$40
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323