This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $138k initial cash invested.
-12.33%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$3,380
Rent
-$1,418
Cashflow
Cash Flow
$3,380 income − $4,798 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,713
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,380
Total Expenses
$4,798
Mortgage P&I
93%
$3,129
Property Taxes
9%
$310
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372