This property looks like a bad Mid-Term investment with a projected -10.14% first-year return on $134k initial cash invested.
-10.14%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$4,060
Rent
-$1,128
Cashflow
Cash Flow
$4,060 income − $5,188 expenses = $1,128 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
$4,060
Total Expenses
$5,188
Mortgage P&I
70%
$2,841
Property Taxes
15%
$590
Home Insurance
5%
$192
HOA
5%
$185
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$447