This property looks like a bad Mid-Term investment with a projected -17% first-year return on $135k initial cash invested.
-17%
Cash On Cash
2.5%
Cap Rate
0.39
DSCR
$2,556
Rent
-$1,919
Cashflow
Cash Flow
$2,556 income − $4,475 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,593
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,556
Total Expenses
$4,475
Mortgage P&I
117%
$2,980
Property Taxes
17%
$423
Home Insurance
8%
$203
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281