This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $137k initial cash invested.
-10.75%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$3,832
Rent
-$1,228
Cashflow
Cash Flow
$3,832 income − $5,060 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,671
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,832
Total Expenses
$5,060
Mortgage P&I
78%
$2,987
Property Taxes
15%
$569
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422