This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $134k initial cash invested.
-11.6%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$3,422
Rent
-$1,291
Cashflow
Cash Flow
$3,422 income − $4,713 expenses = $1,291 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,422
Total Expenses
$4,713
Mortgage P&I
88%
$3,012
Property Taxes
10%
$345
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376