This property looks like a bad Mid-Term investment with a projected -15.76% first-year return on $135k initial cash invested.
-15.76%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,540
Rent
-$1,773
Cashflow
Cash Flow
$2,540 income − $4,313 expenses = $1,773 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,570
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,540
Total Expenses
$4,313
Mortgage P&I
118%
$3,008
Property Taxes
10%
$246
Home Insurance
8%
$195
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279