This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $135k initial cash invested.
-7.59%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$4,304
Rent
-$851
Cashflow
Cash Flow
$4,304 income − $5,155 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,304
Total Expenses
$5,155
Mortgage P&I
69%
$2,976
Property Taxes
12%
$523
Home Insurance
5%
$194
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473