This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $135k initial cash invested.
-3.17%
Cash On Cash
5.82%
Cap Rate
0.95
DSCR
$5,532
Rent
-$355
Cashflow
Cash Flow
$5,532 income − $5,887 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,532
Total Expenses
$5,887
Mortgage P&I
51%
$2,825
Property Taxes
18%
$987
Home Insurance
4%
$194
HOA
0%
$0
Property Management
12%
$664
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$609