This property looks like a bad Mid-Term investment with a projected -14.95% first-year return on $133k initial cash invested.
-14.95%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$2,786
Rent
-$1,661
Cashflow
Cash Flow
$2,786 income − $4,447 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,786
Total Expenses
$4,447
Mortgage P&I
109%
$3,045
Property Taxes
9%
$264
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306