This property looks like a bad Mid-Term investment with a projected -10.53% first-year return on $134k initial cash invested.
-10.53%
Cash On Cash
3.75%
Cap Rate
0.62
DSCR
$2,841
Rent
-$1,172
Cashflow
Cash Flow
$2,841 income − $4,013 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,841
Total Expenses
$4,013
Mortgage P&I
98%
$2,779
Property Taxes
3%
$75
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313