This property looks like a bad Mid-Term investment with a projected -9.97% first-year return on $135k initial cash invested.
-9.97%
Cash On Cash
4.65%
Cap Rate
0.69
DSCR
$3,682
Rent
-$1,118
Cashflow
Cash Flow
$3,682 income − $4,800 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,682
Total Expenses
$4,800
Mortgage P&I
85%
$3,121
Property Taxes
5%
$198
Home Insurance
5%
$201
HOA
1%
$29
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405