This property looks like a bad Mid-Term investment with a projected -12.68% first-year return on $137k initial cash invested.
-12.68%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$3,272
Rent
-$1,449
Cashflow
Cash Flow
$3,272 income − $4,721 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,673
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$4,721
Mortgage P&I
95%
$3,096
Property Taxes
11%
$354
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360