This property looks like a bad Mid-Term investment with a projected -12.7% first-year return on $136k initial cash invested.
-12.7%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$3,430
Rent
-$1,434
Cashflow
Cash Flow
$3,430 income − $4,864 expenses = $1,434 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,597
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,430
Total Expenses
$4,864
Mortgage P&I
87%
$2,985
Property Taxes
15%
$512
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377