This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $136k initial cash invested.
-8.42%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$3,747
Rent
-$953
Cashflow
Cash Flow
$3,747 income − $4,700 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,614
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,747
Total Expenses
$4,700
Mortgage P&I
76%
$2,865
Property Taxes
9%
$322
Home Insurance
5%
$201
HOA
1%
$38
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412