This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $111k initial cash invested.
-7.01%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$4,899
Rent
-$651
Cashflow
Cash Flow
$4,899 income − $5,550 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,305
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,899
Total Expenses
$5,550
Mortgage P&I
60%
$2,957
Property Taxes
15%
$741
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539