This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $133k initial cash invested.
-9.13%
Cash On Cash
4.32%
Cap Rate
0.7
DSCR
$3,796
Rent
-$1,015
Cashflow
Cash Flow
$3,796 income − $4,811 expenses = $1,015 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,796
Total Expenses
$4,811
Mortgage P&I
75%
$2,843
Property Taxes
13%
$484
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418