This property looks like a bad Mid-Term investment with a projected -8.01% first-year return on $135k initial cash invested.
-8.01%
Cash On Cash
4.52%
Cap Rate
0.74
DSCR
$3,708
Rent
-$902
Cashflow
Cash Flow
$3,708 income − $4,610 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,574
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,708
Total Expenses
$4,610
Mortgage P&I
77%
$2,855
Property Taxes
8%
$303
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408