This property looks like a bad Mid-Term investment with a projected -10.5% first-year return on $133k initial cash invested.
-10.5%
Cash On Cash
4.16%
Cap Rate
0.65
DSCR
$3,494
Rent
-$1,163
Cashflow
Cash Flow
$3,494 income − $4,657 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,471
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$4,657
Mortgage P&I
84%
$2,918
Property Taxes
10%
$350
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384