This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $134k initial cash invested.
-12.4%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$3,376
Rent
-$1,379
Cashflow
Cash Flow
$3,376 income − $4,755 expenses = $1,379 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
$3,376
Total Expenses
$4,755
Mortgage P&I
86%
$2,905
Property Taxes
15%
$511
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371