This property looks like a bad Mid-Term investment with a projected -15.3% first-year return on $137k initial cash invested.
-15.3%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$2,798
Rent
-$1,752
Cashflow
Cash Flow
$2,798 income − $4,550 expenses = $1,752 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,686
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$4,550
Mortgage P&I
112%
$3,136
Property Taxes
9%
$240
Home Insurance
8%
$222
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308