This property looks like a bad Mid-Term investment with a projected -15.08% first-year return on $132k initial cash invested.
-15.08%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$2,776
Rent
-$1,664
Cashflow
Cash Flow
$2,776 income − $4,440 expenses = $1,664 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,776
Total Expenses
$4,440
Mortgage P&I
105%
$2,912
Property Taxes
14%
$394
Home Insurance
7%
$191
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305