This property looks like a bad Mid-Term investment with a projected -8.45% first-year return on $134k initial cash invested.
-8.45%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$4,749
Rent
-$940
Cashflow
Cash Flow
$4,749 income − $5,689 expenses = $940 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,749
Total Expenses
$5,689
Mortgage P&I
65%
$3,077
Property Taxes
17%
$806
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522