This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $134k initial cash invested.
-10.81%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$3,987
Rent
-$1,212
Cashflow
Cash Flow
$3,987 income − $5,199 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,547
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,987
Total Expenses
$5,199
Mortgage P&I
76%
$3,036
Property Taxes
5%
$207
Home Insurance
5%
$196
HOA
10%
$405
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$439