This property looks like a bad Mid-Term investment with a projected -16.95% first-year return on $136k initial cash invested.
-16.95%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$3,267
Rent
-$1,919
Cashflow
Cash Flow
$3,267 income − $5,186 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,611
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,267
Total Expenses
$5,186
Mortgage P&I
87%
$2,844
Property Taxes
31%
$1,003
Home Insurance
7%
$228
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359