This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $136k initial cash invested.
-11.68%
Cash On Cash
3.68%
Cap Rate
0.6
DSCR
$4,090
Rent
-$1,322
Cashflow
Cash Flow
$4,090 income − $5,412 expenses = $1,322 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%
$5,612
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,090
Total Expenses
$5,412
Mortgage P&I
70%
$2,878
Property Taxes
23%
$944
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450