This property looks like a bad Mid-Term investment with a projected -13.78% first-year return on $133k initial cash invested.
-13.78%
Cash On Cash
3.72%
Cap Rate
0.55
DSCR
$3,177
Rent
-$1,531
Cashflow
Cash Flow
$3,177 income − $4,708 expenses = $1,531 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,177
Total Expenses
$4,708
Mortgage P&I
98%
$3,108
Property Taxes
10%
$329
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349