This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $134k initial cash invested.
-9.12%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$3,616
Rent
-$1,015
Cashflow
Cash Flow
$3,616 income − $4,631 expenses = $1,015 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
$3,616
Total Expenses
$4,631
Mortgage P&I
83%
$3,011
Property Taxes
5%
$198
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398