This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $134k initial cash invested.
-9.32%
Cash On Cash
4.46%
Cap Rate
0.7
DSCR
$3,939
Rent
-$1,042
Cashflow
Cash Flow
$3,939 income − $4,981 expenses = $1,042 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,981
Mortgage P&I
75%
$2,939
Property Taxes
13%
$504
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433