This property looks like a bad Mid-Term investment with a projected -19.86% first-year return on $133k initial cash invested.
-19.86%
Cash On Cash
2.06%
Cap Rate
0.31
DSCR
$2,268
Rent
-$2,209
Cashflow
Cash Flow
$2,268 income − $4,477 expenses = $2,209 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,268
Total Expenses
$4,477
Mortgage P&I
135%
$3,062
Property Taxes
20%
$452
Home Insurance
8%
$192
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249