This property looks like a bad Mid-Term investment with a projected -8.69% first-year return on $133k initial cash invested.
-8.69%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$4,258
Rent
-$967
Cashflow
Cash Flow
$4,258 income − $5,225 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,258
Total Expenses
$5,225
Mortgage P&I
69%
$2,950
Property Taxes
15%
$636
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468