This property looks like a bad Mid-Term investment with a projected -13.23% first-year return on $138k initial cash invested.
-13.23%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$4,413
Rent
-$1,516
Cashflow
Cash Flow
$4,413 income − $5,929 expenses = $1,516 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,693
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,413
Total Expenses
$5,929
Mortgage P&I
70%
$3,103
Property Taxes
22%
$965
Home Insurance
5%
$201
HOA
4%
$159
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$485