This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $137k initial cash invested.
-10.86%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$3,348
Rent
-$1,244
Cashflow
Cash Flow
$3,348 income − $4,592 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$4,592
Mortgage P&I
90%
$3,000
Property Taxes
7%
$248
Home Insurance
6%
$206
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368