This property looks like a bad Mid-Term investment with a projected -11.82% first-year return on $134k initial cash invested.
-11.82%
Cash On Cash
4.22%
Cap Rate
0.62
DSCR
$3,597
Rent
-$1,321
Cashflow
Cash Flow
$3,597 income − $4,918 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,528
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,597
Total Expenses
$4,918
Mortgage P&I
87%
$3,120
Property Taxes
11%
$378
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396