This property looks like a bad Mid-Term investment with a projected -11.43% first-year return on $133k initial cash invested.
-11.43%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$3,087
Rent
-$1,271
Cashflow
Cash Flow
$3,087 income − $4,358 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,087
Total Expenses
$4,358
Mortgage P&I
98%
$3,025
Property Taxes
3%
$92
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$340