This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $134k initial cash invested.
-1.54%
Cash On Cash
6.55%
Cap Rate
1.02
DSCR
$5,942
Rent
-$173
Cashflow
Cash Flow
$5,942 income − $6,115 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,545
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,942
Total Expenses
$6,115
Mortgage P&I
50%
$2,960
Property Taxes
7%
$408
Home Insurance
3%
$185
HOA
9%
$541
Property Management
12%
$713
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$654