This property looks like a bad Mid-Term investment with a projected -11.38% first-year return on $133k initial cash invested.
-11.38%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$3,381
Rent
-$1,260
Cashflow
Cash Flow
$3,381 income − $4,641 expenses = $1,260 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,472
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,381
Total Expenses
$4,641
Mortgage P&I
82%
$2,776
Property Taxes
15%
$517
Home Insurance
6%
$199
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372