This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $132k initial cash invested.
-11.21%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$3,498
Rent
-$1,235
Cashflow
Cash Flow
$3,498 income − $4,733 expenses = $1,235 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,441
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,498
Total Expenses
$4,733
Mortgage P&I
85%
$2,990
Property Taxes
10%
$361
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385