This property looks like a bad Mid-Term investment with a projected -4.81% first-year return on $134k initial cash invested.
-4.81%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$5,682
Rent
-$536
Cashflow
Cash Flow
$5,682 income − $6,218 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,505
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,682
Total Expenses
$6,218
Mortgage P&I
52%
$2,939
Property Taxes
13%
$762
Home Insurance
3%
$189
HOA
7%
$397
Property Management
12%
$682
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625