This property looks like a bad Mid-Term investment with a projected -11.95% first-year return on $137k initial cash invested.
-11.95%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$3,686
Rent
-$1,360
Cashflow
Cash Flow
$3,686 income − $5,046 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,644
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,686
Total Expenses
$5,046
Mortgage P&I
83%
$3,066
Property Taxes
14%
$527
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405