This property looks like a bad Mid-Term investment with a projected -9.47% first-year return on $136k initial cash invested.
-9.47%
Cash On Cash
4.41%
Cap Rate
0.69
DSCR
$3,648
Rent
-$1,070
Cashflow
Cash Flow
$3,648 income − $4,718 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,601
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,648
Total Expenses
$4,718
Mortgage P&I
82%
$2,981
Property Taxes
8%
$305
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401