This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $134k initial cash invested.
-11.61%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$3,034
Rent
-$1,292
Cashflow
Cash Flow
$3,034 income − $4,326 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,034
Total Expenses
$4,326
Mortgage P&I
98%
$2,978
Property Taxes
4%
$125
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334