This property looks like a bad Mid-Term investment with a projected -2.03% first-year return on $132k initial cash invested.
-2.03%
Cash On Cash
6.73%
Cap Rate
0.99
DSCR
$4,839
Rent
-$224
Cashflow
Cash Flow
$4,839 income − $5,063 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,839
Total Expenses
$5,063
Mortgage P&I
64%
$3,086
Property Taxes
3%
$140
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$532