This property looks like a bad Mid-Term investment with a projected -11.36% first-year return on $134k initial cash invested.
-11.36%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$4,554
Rent
-$1,270
Cashflow
Cash Flow
$4,554 income − $5,824 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,534
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,554
Total Expenses
$5,824
Mortgage P&I
65%
$2,959
Property Taxes
24%
$1,100
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501