This property looks like a bad Mid-Term investment with a projected -10% first-year return on $134k initial cash invested.
-10%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$4,359
Rent
-$1,118
Cashflow
Cash Flow
$4,359 income − $5,477 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,532
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,359
Total Expenses
$5,477
Mortgage P&I
68%
$2,985
Property Taxes
8%
$333
Home Insurance
5%
$201
HOA
11%
$477
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479