This property looks like a bad Mid-Term investment with a projected -13.05% first-year return on $136k initial cash invested.
-13.05%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$3,356
Rent
-$1,476
Cashflow
Cash Flow
$3,356 income − $4,832 expenses = $1,476 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,356
Total Expenses
$4,832
Mortgage P&I
89%
$2,976
Property Taxes
15%
$512
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369