This property looks like a bad Mid-Term investment with a projected -5.93% first-year return on $133k initial cash invested.
-5.93%
Cash On Cash
5.8%
Cap Rate
0.85
DSCR
$4,803
Rent
-$659
Cashflow
Cash Flow
$4,803 income − $5,462 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,498
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,803
Total Expenses
$5,462
Mortgage P&I
65%
$3,124
Property Taxes
11%
$529
Home Insurance
4%
$177
HOA
0%
$0
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528