This property looks like a bad Mid-Term investment with a projected -14.62% first-year return on $134k initial cash invested.
-14.62%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$3,171
Rent
-$1,626
Cashflow
Cash Flow
$3,171 income − $4,797 expenses = $1,626 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,171
Total Expenses
$4,797
Mortgage P&I
95%
$3,020
Property Taxes
16%
$506
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349