This property looks like a bad Mid-Term investment with a projected -12.82% first-year return on $136k initial cash invested.
-12.82%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$2,942
Rent
-$1,454
Cashflow
Cash Flow
$2,942 income − $4,396 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,623
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,942
Total Expenses
$4,396
Mortgage P&I
102%
$2,988
Property Taxes
6%
$169
Home Insurance
8%
$238
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324