This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $136k initial cash invested.
-8.36%
Cash On Cash
4.28%
Cap Rate
0.71
DSCR
$3,494
Rent
-$948
Cashflow
Cash Flow
$3,494 income − $4,442 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,619
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$4,442
Mortgage P&I
80%
$2,812
Property Taxes
7%
$239
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384