This property looks like a bad Mid-Term investment with a projected -15.7% first-year return on $133k initial cash invested.
-15.7%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$2,410
Rent
-$1,740
Cashflow
Cash Flow
$2,410 income − $4,150 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,476
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,410
Total Expenses
$4,150
Mortgage P&I
118%
$2,855
Property Taxes
10%
$237
Home Insurance
10%
$240
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265