This property looks like a bad Mid-Term investment with a projected -14.72% first-year return on $133k initial cash invested.
-14.72%
Cash On Cash
2.72%
Cap Rate
0.45
DSCR
$2,379
Rent
-$1,635
Cashflow
Cash Flow
$2,379 income − $4,014 expenses = $1,635 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,488
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,379
Total Expenses
$4,014
Mortgage P&I
117%
$2,782
Property Taxes
9%
$225
Home Insurance
8%
$199
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262