This property looks like a bad Mid-Term investment with a projected -11.51% first-year return on $135k initial cash invested.
-11.51%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$3,376
Rent
-$1,295
Cashflow
Cash Flow
$3,376 income − $4,671 expenses = $1,295 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,573
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,376
Total Expenses
$4,671
Mortgage P&I
87%
$2,936
Property Taxes
12%
$389
Home Insurance
6%
$199
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371