This property looks like a bad Mid-Term investment with a projected -10.62% first-year return on $134k initial cash invested.
-10.62%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$4,059
Rent
-$1,183
Cashflow
Cash Flow
$4,059 income − $5,242 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,510
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,059
Total Expenses
$5,242
Mortgage P&I
75%
$3,054
Property Taxes
11%
$436
Home Insurance
5%
$193
HOA
4%
$180
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446