This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $135k initial cash invested.
-4.63%
Cash On Cash
6.1%
Cap Rate
0.9
DSCR
$5,292
Rent
-$519
Cashflow
Cash Flow
$5,292 income − $5,811 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,553
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,292
Total Expenses
$5,811
Mortgage P&I
59%
$3,128
Property Taxes
13%
$687
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582