This property looks like a bad Mid-Term investment with a projected -10.93% first-year return on $133k initial cash invested.
-10.93%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$3,220
Rent
-$1,214
Cashflow
Cash Flow
$3,220 income − $4,434 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,489
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$4,434
Mortgage P&I
92%
$2,961
Property Taxes
6%
$178
Home Insurance
6%
$200
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354