This property looks like a bad Mid-Term investment with a projected -12.29% first-year return on $136k initial cash invested.
-12.29%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$2,943
Rent
-$1,389
Cashflow
Cash Flow
$2,943 income − $4,332 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$4,332
Mortgage P&I
98%
$2,886
Property Taxes
8%
$249
Home Insurance
7%
$196
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324