This property looks like a bad Mid-Term investment with a projected -15.1% first-year return on $134k initial cash invested.
-15.1%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$2,724
Rent
-$1,680
Cashflow
Cash Flow
$2,724 income − $4,404 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,724
Total Expenses
$4,404
Mortgage P&I
112%
$3,064
Property Taxes
8%
$221
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300