This property looks like a bad Mid-Term investment with a projected -10.72% first-year return on $134k initial cash invested.
-10.72%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$3,122
Rent
-$1,197
Cashflow
Cash Flow
$3,122 income − $4,319 expenses = $1,197 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,524
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$4,319
Mortgage P&I
92%
$2,862
Property Taxes
5%
$167
Home Insurance
7%
$228
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343