This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $136k initial cash invested.
-8.96%
Cash On Cash
4.34%
Cap Rate
0.71
DSCR
$4,562
Rent
-$1,014
Cashflow
Cash Flow
$4,562 income − $5,576 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,562
Total Expenses
$5,576
Mortgage P&I
63%
$2,860
Property Taxes
21%
$956
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$502