This property looks like a bad Mid-Term investment with a projected -11.99% first-year return on $133k initial cash invested.
-11.99%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$3,064
Rent
-$1,332
Cashflow
Cash Flow
$3,064 income − $4,396 expenses = $1,332 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$4,396
Mortgage P&I
98%
$3,009
Property Taxes
5%
$152
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337