This property looks like a bad Mid-Term investment with a projected -10.34% first-year return on $137k initial cash invested.
-10.34%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$3,531
Rent
-$1,182
Cashflow
Cash Flow
$3,531 income − $4,713 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,678
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,531
Total Expenses
$4,713
Mortgage P&I
87%
$3,077
Property Taxes
7%
$232
Home Insurance
6%
$204
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388