This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $134k initial cash invested.
-5.24%
Cash On Cash
5.95%
Cap Rate
0.88
DSCR
$5,409
Rent
-$586
Cashflow
Cash Flow
$5,409 income − $5,995 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,534
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,409
Total Expenses
$5,995
Mortgage P&I
58%
$3,112
Property Taxes
16%
$853
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595