This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $134k initial cash invested.
-4.94%
Cash On Cash
5.27%
Cap Rate
0.86
DSCR
$4,098
Rent
-$553
Cashflow
Cash Flow
$4,098 income − $4,651 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,098
Total Expenses
$4,651
Mortgage P&I
69%
$2,824
Property Taxes
5%
$213
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451