This property looks like a bad Mid-Term investment with a projected -10.6% first-year return on $137k initial cash invested.
-10.6%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$3,642
Rent
-$1,207
Cashflow
Cash Flow
$3,642 income − $4,849 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$4,849
Mortgage P&I
84%
$3,050
Property Taxes
10%
$362
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401