This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $136k initial cash invested.
-7.87%
Cash On Cash
4.47%
Cap Rate
0.74
DSCR
$3,502
Rent
-$889
Cashflow
Cash Flow
$3,502 income − $4,391 expenses = $889 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$4,391
Mortgage P&I
81%
$2,835
Property Taxes
5%
$170
Home Insurance
6%
$196
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385