This property looks like a bad Mid-Term investment with a projected -18.06% first-year return on $136k initial cash invested.
-18.06%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,432
Rent
-$2,047
Cashflow
Cash Flow
$2,432 income − $4,479 expenses = $2,047 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,620
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,432
Total Expenses
$4,479
Mortgage P&I
127%
$3,092
Property Taxes
15%
$359
Home Insurance
8%
$201
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268