This property looks like a bad Mid-Term investment with a projected -14.18% first-year return on $134k initial cash invested.
-14.18%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$3,338
Rent
-$1,577
Cashflow
Cash Flow
$3,338 income − $4,915 expenses = $1,577 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,338
Total Expenses
$4,915
Mortgage P&I
91%
$3,053
Property Taxes
16%
$534
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367