This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $132k initial cash invested.
-6.72%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$3,686
Rent
-$742
Cashflow
Cash Flow
$3,686 income − $4,428 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,686
Total Expenses
$4,428
Mortgage P&I
76%
$2,797
Property Taxes
5%
$188
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405