This property looks like a bad Mid-Term investment with a projected -15.87% first-year return on $133k initial cash invested.
-15.87%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$3,550
Rent
-$1,759
Cashflow
Cash Flow
$3,550 income − $5,309 expenses = $1,759 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,478
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,550
Total Expenses
$5,309
Mortgage P&I
76%
$2,714
Property Taxes
34%
$1,207
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390