This property looks like a bad Mid-Term investment with a projected -20.9% first-year return on $135k initial cash invested.
-20.9%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$2,330
Rent
-$2,349
Cashflow
Cash Flow
$2,330 income − $4,679 expenses = $2,349 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,565
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$4,679
Mortgage P&I
130%
$3,023
Property Taxes
29%
$666
Home Insurance
9%
$198
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256