This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $133k initial cash invested.
-5.24%
Cash On Cash
5.68%
Cap Rate
0.86
DSCR
$4,022
Rent
-$579
Cashflow
Cash Flow
$4,022 income − $4,601 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,460
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,022
Total Expenses
$4,601
Mortgage P&I
75%
$3,001
Property Taxes
0%
$1
Home Insurance
5%
$191
HOA
1%
$40
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442