This property looks like a bad Mid-Term investment with a projected -17.32% first-year return on $133k initial cash invested.
-17.32%
Cash On Cash
2.75%
Cap Rate
0.41
DSCR
$2,818
Rent
-$1,926
Cashflow
Cash Flow
$2,818 income − $4,744 expenses = $1,926 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,818
Total Expenses
$4,744
Mortgage P&I
109%
$3,074
Property Taxes
9%
$256
Home Insurance
16%
$455
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310