This property looks like a bad Mid-Term investment with a projected -20.87% first-year return on $134k initial cash invested.
-20.87%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$1,647
Rent
-$2,322
Cashflow
Cash Flow
$1,647 income − $3,969 expenses = $2,322 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,647
Total Expenses
$3,969
Mortgage P&I
173%
$2,846
Property Taxes
23%
$371
Home Insurance
12%
$192
HOA
0%
$0
Property Management
12%
$198
CapEx
4%
$66
Vacancy
3%
$49
Maintenance
4%
$66
Other
11%
$181