This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $134k initial cash invested.
-7.07%
Cash On Cash
5.12%
Cap Rate
0.79
DSCR
$4,390
Rent
-$789
Cashflow
Cash Flow
$4,390 income − $5,179 expenses = $789 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,519
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,390
Total Expenses
$5,179
Mortgage P&I
68%
$2,966
Property Taxes
12%
$527
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483