This property looks like a bad Mid-Term investment with a projected -19.34% first-year return on $137k initial cash invested.
-19.34%
Cash On Cash
1.7%
Cap Rate
0.28
DSCR
$2,193
Rent
-$2,212
Cashflow
Cash Flow
$2,193 income − $4,405 expenses = $2,212 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,680
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,193
Total Expenses
$4,405
Mortgage P&I
134%
$2,930
Property Taxes
24%
$530
Home Insurance
9%
$199
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241