This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $133k initial cash invested.
-2.64%
Cash On Cash
6.22%
Cap Rate
0.97
DSCR
$5,050
Rent
-$293
Cashflow
Cash Flow
$5,050 income − $5,343 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,050
Total Expenses
$5,343
Mortgage P&I
58%
$2,938
Property Taxes
10%
$495
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556