This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $133k initial cash invested.
-7.26%
Cash On Cash
4.92%
Cap Rate
0.78
DSCR
$4,056
Rent
-$806
Cashflow
Cash Flow
$4,056 income − $4,862 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,488
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,056
Total Expenses
$4,862
Mortgage P&I
71%
$2,893
Property Taxes
10%
$389
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446