This property looks like a bad Mid-Term investment with a projected -13.78% first-year return on $135k initial cash invested.
-13.78%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$3,936
Rent
-$1,550
Cashflow
Cash Flow
$3,936 income − $5,486 expenses = $1,550 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,571
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,936
Total Expenses
$5,486
Mortgage P&I
75%
$2,963
Property Taxes
25%
$994
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433