This property looks like a bad Mid-Term investment with a projected -12.48% first-year return on $136k initial cash invested.
-12.48%
Cash On Cash
4.09%
Cap Rate
0.6
DSCR
$3,478
Rent
-$1,415
Cashflow
Cash Flow
$3,478 income − $4,893 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,622
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,893
Mortgage P&I
92%
$3,190
Property Taxes
9%
$318
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383