This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $134k initial cash invested.
-9.45%
Cash On Cash
4.4%
Cap Rate
0.7
DSCR
$4,262
Rent
-$1,051
Cashflow
Cash Flow
$4,262 income − $5,313 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,262
Total Expenses
$5,313
Mortgage P&I
68%
$2,898
Property Taxes
18%
$775
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469