This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $135k initial cash invested.
-11.21%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$3,711
Rent
-$1,261
Cashflow
Cash Flow
$3,711 income − $4,972 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,569
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,711
Total Expenses
$4,972
Mortgage P&I
83%
$3,090
Property Taxes
11%
$424
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408