This property looks like a bad Mid-Term investment with a projected -13.15% first-year return on $138k initial cash invested.
-13.15%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$3,760
Rent
-$1,515
Cashflow
Cash Flow
$3,760 income − $5,275 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,724
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,760
Total Expenses
$5,275
Mortgage P&I
79%
$2,957
Property Taxes
22%
$821
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414