This property looks like a bad Mid-Term investment with a projected -16.91% first-year return on $133k initial cash invested.
-16.91%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$2,150
Rent
-$1,881
Cashflow
Cash Flow
$2,150 income − $4,031 expenses = $1,881 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,150
Total Expenses
$4,031
Mortgage P&I
140%
$3,018
Property Taxes
4%
$91
Home Insurance
9%
$192
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236