This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $133k initial cash invested.
-7.45%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$4,216
Rent
-$823
Cashflow
Cash Flow
$4,216 income − $5,039 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,456
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,216
Total Expenses
$5,039
Mortgage P&I
70%
$2,937
Property Taxes
11%
$462
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464