This property looks like a bad Mid-Term investment with a projected -13.72% first-year return on $135k initial cash invested.
-13.72%
Cash On Cash
3.18%
Cap Rate
0.51
DSCR
$2,634
Rent
-$1,538
Cashflow
Cash Flow
$2,634 income − $4,172 expenses = $1,538 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,634
Total Expenses
$4,172
Mortgage P&I
110%
$2,905
Property Taxes
7%
$178
Home Insurance
7%
$194
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290