This property looks like a bad Mid-Term investment with a projected -10.85% first-year return on $134k initial cash invested.
-10.85%
Cash On Cash
3.77%
Cap Rate
0.62
DSCR
$3,711
Rent
-$1,215
Cashflow
Cash Flow
$3,711 income − $4,926 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,711
Total Expenses
$4,926
Mortgage P&I
76%
$2,808
Property Taxes
16%
$576
Home Insurance
5%
$203
HOA
2%
$79
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408