This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $132k initial cash invested.
-8.73%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$4,634
Rent
-$963
Cashflow
Cash Flow
$4,634 income − $5,597 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,449
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,634
Total Expenses
$5,597
Mortgage P&I
60%
$2,776
Property Taxes
22%
$1,034
Home Insurance
4%
$191
HOA
0%
$21
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510