This property looks like a bad Mid-Term investment with a projected -13.9% first-year return on $137k initial cash invested.
-13.9%
Cash On Cash
3.88%
Cap Rate
0.56
DSCR
$3,508
Rent
-$1,593
Cashflow
Cash Flow
$3,508 income − $5,101 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,508
Total Expenses
$5,101
Mortgage P&I
94%
$3,294
Property Taxes
12%
$416
Home Insurance
6%
$199
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386