This property looks like a bad Mid-Term investment with a projected -12.09% first-year return on $136k initial cash invested.
-12.09%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$3,108
Rent
-$1,369
Cashflow
Cash Flow
$3,108 income − $4,477 expenses = $1,369 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,616
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,108
Total Expenses
$4,477
Mortgage P&I
98%
$3,061
Property Taxes
5%
$157
Home Insurance
7%
$203
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342