This property looks like a bad Mid-Term investment with a projected -14.72% first-year return on $137k initial cash invested.
-14.72%
Cash On Cash
2.87%
Cap Rate
0.46
DSCR
$3,018
Rent
-$1,680
Cashflow
Cash Flow
$3,018 income − $4,698 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,664
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$4,698
Mortgage P&I
96%
$2,912
Property Taxes
18%
$558
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332