This property looks like a bad Mid-Term investment with a projected -7.48% first-year return on $134k initial cash invested.
-7.48%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$3,882
Rent
-$832
Cashflow
Cash Flow
$3,882 income − $4,714 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,882
Total Expenses
$4,714
Mortgage P&I
77%
$2,988
Property Taxes
5%
$208
Home Insurance
5%
$199
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427