This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $133k initial cash invested.
-1.04%
Cash On Cash
6.84%
Cap Rate
1.03
DSCR
$5,446
Rent
-$116
Cashflow
Cash Flow
$5,446 income − $5,562 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,446
Total Expenses
$5,562
Mortgage P&I
56%
$3,032
Property Taxes
9%
$486
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$654
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$599