This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $134k initial cash invested.
-3.27%
Cash On Cash
5.79%
Cap Rate
0.94
DSCR
$4,866
Rent
-$364
Cashflow
Cash Flow
$4,866 income − $5,230 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,507
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,866
Total Expenses
$5,230
Mortgage P&I
58%
$2,827
Property Taxes
11%
$556
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$535