This property looks like a bad Mid-Term investment with a projected -8.77% first-year return on $136k initial cash invested.
-8.77%
Cash On Cash
4.29%
Cap Rate
0.71
DSCR
$4,006
Rent
-$990
Cashflow
Cash Flow
$4,006 income − $4,996 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,596
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,006
Total Expenses
$4,996
Mortgage P&I
71%
$2,829
Property Taxes
15%
$600
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441