This property looks like a bad Mid-Term investment with a projected -6.08% first-year return on $135k initial cash invested.
-6.08%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$5,490
Rent
-$682
Cashflow
Cash Flow
$5,490 income − $6,172 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,490
Total Expenses
$6,172
Mortgage P&I
54%
$2,991
Property Taxes
8%
$443
Home Insurance
4%
$192
HOA
12%
$678
Property Management
12%
$659
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$604