This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $137k initial cash invested.
-11.21%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$3,864
Rent
-$1,280
Cashflow
Cash Flow
$3,864 income − $5,144 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,667
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,864
Total Expenses
$5,144
Mortgage P&I
80%
$3,106
Property Taxes
14%
$524
Home Insurance
5%
$199
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425