This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $134k initial cash invested.
-8.7%
Cash On Cash
4.18%
Cap Rate
0.7
DSCR
$3,249
Rent
-$969
Cashflow
Cash Flow
$3,249 income − $4,218 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,506
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$4,218
Mortgage P&I
85%
$2,755
Property Taxes
4%
$132
Home Insurance
7%
$227
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357