This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $133k initial cash invested.
-6.19%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$4,816
Rent
-$688
Cashflow
Cash Flow
$4,816 income − $5,504 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,816
Total Expenses
$5,504
Mortgage P&I
62%
$2,975
Property Taxes
15%
$699
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530