This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $134k initial cash invested.
-10.89%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$3,260
Rent
-$1,217
Cashflow
Cash Flow
$3,260 income − $4,477 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,527
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,260
Total Expenses
$4,477
Mortgage P&I
91%
$2,954
Property Taxes
7%
$214
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359