This property looks like a bad Mid-Term investment with a projected -15.12% first-year return on $134k initial cash invested.
-15.12%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$2,992
Rent
-$1,682
Cashflow
Cash Flow
$2,992 income − $4,674 expenses = $1,682 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,992
Total Expenses
$4,674
Mortgage P&I
101%
$3,021
Property Taxes
15%
$443
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329