This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $137k initial cash invested.
-12.31%
Cash On Cash
3.4%
Cap Rate
0.56
DSCR
$3,352
Rent
-$1,401
Cashflow
Cash Flow
$3,352 income − $4,753 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,647
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,352
Total Expenses
$4,753
Mortgage P&I
86%
$2,867
Property Taxes
16%
$543
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369