This property looks like a bad Mid-Term investment with a projected -9.59% first-year return on $134k initial cash invested.
-9.59%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$3,992
Rent
-$1,070
Cashflow
Cash Flow
$3,992 income − $5,062 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,521
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,992
Total Expenses
$5,062
Mortgage P&I
75%
$2,988
Property Taxes
13%
$521
Home Insurance
5%
$195
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439