This property looks like a bad Mid-Term investment with a projected -11.2% first-year return on $133k initial cash invested.
-11.2%
Cash On Cash
3.98%
Cap Rate
0.62
DSCR
$3,014
Rent
-$1,245
Cashflow
Cash Flow
$3,014 income − $4,259 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,495
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$4,259
Mortgage P&I
98%
$2,948
Property Taxes
3%
$93
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332