This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $133k initial cash invested.
-6.91%
Cash On Cash
5.2%
Cap Rate
0.81
DSCR
$5,048
Rent
-$764
Cashflow
Cash Flow
$5,048 income − $5,812 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,464
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,048
Total Expenses
$5,812
Mortgage P&I
58%
$2,932
Property Taxes
19%
$972
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555