This property looks like a bad Mid-Term investment with a projected -16.16% first-year return on $134k initial cash invested.
-16.16%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$2,793
Rent
-$1,809
Cashflow
Cash Flow
$2,793 income − $4,602 expenses = $1,809 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,540
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,793
Total Expenses
$4,602
Mortgage P&I
109%
$3,033
Property Taxes
15%
$418
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307