This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $133k initial cash invested.
-14.03%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$2,691
Rent
-$1,558
Cashflow
Cash Flow
$2,691 income − $4,249 expenses = $1,558 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$4,249
Mortgage P&I
111%
$2,985
Property Taxes
6%
$156
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296