This property looks like a bad Mid-Term investment with a projected -12.11% first-year return on $135k initial cash invested.
-12.11%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$3,848
Rent
-$1,361
Cashflow
Cash Flow
$3,848 income − $5,209 expenses = $1,361 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,567
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,848
Total Expenses
$5,209
Mortgage P&I
79%
$3,044
Property Taxes
15%
$570
Home Insurance
5%
$201
HOA
2%
$86
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423