This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $132k initial cash invested.
-3.52%
Cash On Cash
5.73%
Cap Rate
0.93
DSCR
$4,652
Rent
-$389
Cashflow
Cash Flow
$4,652 income − $5,041 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,652
Total Expenses
$5,041
Mortgage P&I
60%
$2,806
Property Taxes
5%
$245
Home Insurance
4%
$191
HOA
5%
$217
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512