This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $134k initial cash invested.
-9.02%
Cash On Cash
4.79%
Cap Rate
0.72
DSCR
$3,855
Rent
-$1,011
Cashflow
Cash Flow
$3,855 income − $4,866 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,545
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,855
Total Expenses
$4,866
Mortgage P&I
80%
$3,070
Property Taxes
4%
$169
Home Insurance
5%
$194
HOA
3%
$122
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424