This property looks like a bad Mid-Term investment with a projected -9.54% first-year return on $136k initial cash invested.
-9.54%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$4,942
Rent
-$1,078
Cashflow
Cash Flow
$4,942 income − $6,020 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,942
Total Expenses
$6,020
Mortgage P&I
61%
$3,025
Property Taxes
22%
$1,069
Home Insurance
4%
$196
HOA
1%
$49
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544