This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $134k initial cash invested.
-11.72%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$3,390
Rent
-$1,304
Cashflow
Cash Flow
$3,390 income − $4,694 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,390
Total Expenses
$4,694
Mortgage P&I
87%
$2,939
Property Taxes
12%
$409
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373