This property looks like a bad Mid-Term investment with a projected -2.25% first-year return on $134k initial cash invested.
-2.25%
Cash On Cash
5.98%
Cap Rate
0.98
DSCR
$4,748
Rent
-$252
Cashflow
Cash Flow
$4,748 income − $5,000 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,540
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,748
Total Expenses
$5,000
Mortgage P&I
59%
$2,821
Property Taxes
7%
$346
Home Insurance
4%
$194
HOA
1%
$25
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522