This property looks like a bad Mid-Term investment with a projected -11.78% first-year return on $134k initial cash invested.
-11.78%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$3,372
Rent
-$1,315
Cashflow
Cash Flow
$3,372 income − $4,687 expenses = $1,315 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,523
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$4,687
Mortgage P&I
90%
$3,034
Property Taxes
10%
$352
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371