This property looks like a bad Mid-Term investment with a projected -2.04% first-year return on $133k initial cash invested.
-2.04%
Cash On Cash
6.42%
Cap Rate
1
DSCR
$5,457
Rent
-$227
Cashflow
Cash Flow
$5,457 income − $5,684 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,489
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,457
Total Expenses
$5,684
Mortgage P&I
54%
$2,945
Property Taxes
13%
$692
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600