This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $136k initial cash invested.
-11.72%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$3,234
Rent
-$1,330
Cashflow
Cash Flow
$3,234 income − $4,564 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,628
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$4,564
Mortgage P&I
93%
$3,018
Property Taxes
8%
$246
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356