This property looks like a bad Mid-Term investment with a projected -10.43% first-year return on $134k initial cash invested.
-10.43%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$4,404
Rent
-$1,160
Cashflow
Cash Flow
$4,404 income − $5,564 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,404
Total Expenses
$5,564
Mortgage P&I
68%
$2,979
Property Taxes
19%
$843
Home Insurance
4%
$192
HOA
1%
$54
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484