This property looks like a bad Mid-Term investment with a projected -13.65% first-year return on $134k initial cash invested.
-13.65%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$3,462
Rent
-$1,519
Cashflow
Cash Flow
$3,462 income − $4,981 expenses = $1,519 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,503
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$4,981
Mortgage P&I
87%
$3,012
Property Taxes
17%
$590
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381