This property looks like a bad Mid-Term investment with a projected -16.15% first-year return on $136k initial cash invested.
-16.15%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,808
Rent
-$1,827
Cashflow
Cash Flow
$2,808 income − $4,635 expenses = $1,827 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,608
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,808
Total Expenses
$4,635
Mortgage P&I
110%
$3,078
Property Taxes
14%
$405
Home Insurance
7%
$198
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309