This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $134k initial cash invested.
-8.63%
Cash On Cash
4.39%
Cap Rate
0.72
DSCR
$3,975
Rent
-$965
Cashflow
Cash Flow
$3,975 income − $4,940 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$4,940
Mortgage P&I
71%
$2,830
Property Taxes
14%
$561
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437