This property looks like a bad Mid-Term investment with a projected -13.79% first-year return on $133k initial cash invested.
-13.79%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$3,015
Rent
-$1,534
Cashflow
Cash Flow
$3,015 income − $4,549 expenses = $1,534 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,015
Total Expenses
$4,549
Mortgage P&I
95%
$2,858
Property Taxes
16%
$473
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332