This property looks like a bad Mid-Term investment with a projected -16.61% first-year return on $136k initial cash invested.
-16.61%
Cash On Cash
2.25%
Cap Rate
0.37
DSCR
$2,121
Rent
-$1,888
Cashflow
Cash Flow
$2,121 income − $4,009 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,640
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,121
Total Expenses
$4,009
Mortgage P&I
135%
$2,860
Property Taxes
11%
$230
Home Insurance
9%
$197
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233