This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $133k initial cash invested.
-6.17%
Cash On Cash
4.98%
Cap Rate
0.82
DSCR
$4,428
Rent
-$686
Cashflow
Cash Flow
$4,428 income − $5,114 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,495
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,428
Total Expenses
$5,114
Mortgage P&I
63%
$2,789
Property Taxes
14%
$624
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487