This property looks like a bad Mid-Term investment with a projected -11.34% first-year return on $137k initial cash invested.
-11.34%
Cash On Cash
3.63%
Cap Rate
0.6
DSCR
$3,332
Rent
-$1,297
Cashflow
Cash Flow
$3,332 income − $4,629 expenses = $1,297 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,681
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,332
Total Expenses
$4,629
Mortgage P&I
87%
$2,884
Property Taxes
12%
$412
Home Insurance
6%
$200
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367