This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $138k initial cash invested.
-11.83%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$3,027
Rent
-$1,360
Cashflow
Cash Flow
$3,027 income − $4,387 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,712
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$4,387
Mortgage P&I
100%
$3,014
Property Taxes
4%
$120
Home Insurance
7%
$224
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333