This property looks like a bad Mid-Term investment with a projected -13.58% first-year return on $136k initial cash invested.
-13.58%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$2,643
Rent
-$1,536
Cashflow
Cash Flow
$2,643 income − $4,179 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,605
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$4,179
Mortgage P&I
114%
$3,001
Property Taxes
3%
$76
Home Insurance
8%
$203
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291