This property looks like a bad Mid-Term investment with a projected -11.3% first-year return on $135k initial cash invested.
-11.3%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$3,816
Rent
-$1,271
Cashflow
Cash Flow
$3,816 income − $5,087 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,571
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,816
Total Expenses
$5,087
Mortgage P&I
81%
$3,096
Property Taxes
13%
$492
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420