This property looks like a bad Mid-Term investment with a projected -14.25% first-year return on $137k initial cash invested.
-14.25%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$2,688
Rent
-$1,623
Cashflow
Cash Flow
$2,688 income − $4,311 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$4,311
Mortgage P&I
115%
$3,101
Property Taxes
4%
$96
Home Insurance
7%
$198
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296