This property looks like a bad Mid-Term investment with a projected -15.88% first-year return on $135k initial cash invested.
-15.88%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$2,958
Rent
-$1,793
Cashflow
Cash Flow
$2,958 income − $4,751 expenses = $1,793 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,958
Total Expenses
$4,751
Mortgage P&I
102%
$3,003
Property Taxes
17%
$513
Home Insurance
8%
$230
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325