This property looks like a bad Mid-Term investment with a projected -10.31% first-year return on $135k initial cash invested.
-10.31%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$3,746
Rent
-$1,159
Cashflow
Cash Flow
$3,746 income − $4,905 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,569
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,746
Total Expenses
$4,905
Mortgage P&I
80%
$3,005
Property Taxes
10%
$381
Home Insurance
7%
$245
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412