This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $136k initial cash invested.
-8.27%
Cash On Cash
4.46%
Cap Rate
0.73
DSCR
$3,784
Rent
-$936
Cashflow
Cash Flow
$3,784 income − $4,720 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$4,720
Mortgage P&I
76%
$2,871
Property Taxes
10%
$371
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416