This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $134k initial cash invested.
-14.76%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$2,912
Rent
-$1,651
Cashflow
Cash Flow
$2,912 income − $4,563 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,535
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,912
Total Expenses
$4,563
Mortgage P&I
106%
$3,074
Property Taxes
10%
$300
Home Insurance
7%
$201
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320