This property looks like a bad Mid-Term investment with a projected -16.15% first-year return on $135k initial cash invested.
-16.15%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$3,058
Rent
-$1,812
Cashflow
Cash Flow
$3,058 income − $4,870 expenses = $1,812 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,556
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$4,870
Mortgage P&I
100%
$3,060
Property Taxes
13%
$400
Home Insurance
7%
$201
HOA
6%
$170
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336