This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $134k initial cash invested.
-5.49%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$5,126
Rent
-$614
Cashflow
Cash Flow
$5,126 income − $5,740 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,528
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,126
Total Expenses
$5,740
Mortgage P&I
60%
$3,054
Property Taxes
15%
$751
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564