This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $132k initial cash invested.
-5.2%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$4,440
Rent
-$574
Cashflow
Cash Flow
$4,440 income − $5,014 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,447
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,440
Total Expenses
$5,014
Mortgage P&I
66%
$2,916
Property Taxes
9%
$396
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$488