This property looks like a bad Mid-Term investment with a projected -9.19% first-year return on $134k initial cash invested.
-9.19%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$4,080
Rent
-$1,029
Cashflow
Cash Flow
$4,080 income − $5,109 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,538
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,080
Total Expenses
$5,109
Mortgage P&I
74%
$3,012
Property Taxes
12%
$507
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449