This property looks like a bad Mid-Term investment with a projected -10.43% first-year return on $133k initial cash invested.
-10.43%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$3,315
Rent
-$1,159
Cashflow
Cash Flow
$3,315 income − $4,474 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,315
Total Expenses
$4,474
Mortgage P&I
85%
$2,806
Property Taxes
11%
$348
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365