This property looks like a bad Mid-Term investment with a projected -13.2% first-year return on $135k initial cash invested.
-13.2%
Cash On Cash
3.11%
Cap Rate
0.51
DSCR
$2,768
Rent
-$1,484
Cashflow
Cash Flow
$2,768 income − $4,252 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,566
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,768
Total Expenses
$4,252
Mortgage P&I
102%
$2,817
Property Taxes
11%
$291
Home Insurance
7%
$203
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304