This property looks like a bad Mid-Term investment with a projected -11.32% first-year return on $134k initial cash invested.
-11.32%
Cash On Cash
4.32%
Cap Rate
0.64
DSCR
$3,614
Rent
-$1,259
Cashflow
Cash Flow
$3,614 income − $4,873 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,614
Total Expenses
$4,873
Mortgage P&I
86%
$3,095
Property Taxes
10%
$356
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398