This property looks like a bad Mid-Term investment with a projected -12.26% first-year return on $134k initial cash invested.
-12.26%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$3,508
Rent
-$1,364
Cashflow
Cash Flow
$3,508 income − $4,872 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,508
Total Expenses
$4,872
Mortgage P&I
85%
$2,989
Property Taxes
14%
$499
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386