This property looks like a bad Mid-Term investment with a projected -7.78% first-year return on $135k initial cash invested.
-7.78%
Cash On Cash
4.78%
Cap Rate
0.76
DSCR
$4,448
Rent
-$874
Cashflow
Cash Flow
$4,448 income − $5,322 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,563
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,448
Total Expenses
$5,322
Mortgage P&I
65%
$2,910
Property Taxes
16%
$699
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489