This property looks like a bad Mid-Term investment with a projected -14.02% first-year return on $133k initial cash invested.
-14.02%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$3,134
Rent
-$1,557
Cashflow
Cash Flow
$3,134 income − $4,691 expenses = $1,557 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$4,691
Mortgage P&I
93%
$2,922
Property Taxes
16%
$512
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345