This property looks like a bad Mid-Term investment with a projected -9.56% first-year return on $135k initial cash invested.
-9.56%
Cash On Cash
4.33%
Cap Rate
0.69
DSCR
$3,878
Rent
-$1,072
Cashflow
Cash Flow
$3,878 income − $4,950 expenses = $1,072 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,878
Total Expenses
$4,950
Mortgage P&I
75%
$2,920
Property Taxes
13%
$518
Home Insurance
5%
$194
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427