This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $134k initial cash invested.
-5.34%
Cash On Cash
5.2%
Cap Rate
0.85
DSCR
$4,002
Rent
-$594
Cashflow
Cash Flow
$4,002 income − $4,596 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,505
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,002
Total Expenses
$4,596
Mortgage P&I
70%
$2,820
Property Taxes
5%
$215
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440