This property looks like a bad Mid-Term investment with a projected -11.18% first-year return on $135k initial cash invested.
-11.18%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$3,720
Rent
-$1,254
Cashflow
Cash Flow
$3,720 income − $4,974 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,553
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$4,974
Mortgage P&I
81%
$2,995
Property Taxes
14%
$518
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409