This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $138k initial cash invested.
-10.11%
Cash On Cash
4.13%
Cap Rate
0.66
DSCR
$3,584
Rent
-$1,160
Cashflow
Cash Flow
$3,584 income − $4,744 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$4,744
Mortgage P&I
83%
$2,979
Property Taxes
10%
$347
Home Insurance
6%
$200
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394