This property looks like a bad Mid-Term investment with a projected -0.49% first-year return on $134k initial cash invested.
-0.49%
Cash On Cash
6.51%
Cap Rate
1.05
DSCR
$5,236
Rent
-$55
Cashflow
Cash Flow
$5,236 income − $5,291 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,535
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,236
Total Expenses
$5,291
Mortgage P&I
54%
$2,850
Property Taxes
5%
$276
Home Insurance
4%
$196
HOA
4%
$190
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576