This property looks like a bad Mid-Term investment with a projected -12.09% first-year return on $134k initial cash invested.
-12.09%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$3,024
Rent
-$1,345
Cashflow
Cash Flow
$3,024 income − $4,369 expenses = $1,345 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,024
Total Expenses
$4,369
Mortgage P&I
98%
$2,949
Property Taxes
7%
$199
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333