This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $134k initial cash invested.
-5.89%
Cash On Cash
5%
Cap Rate
0.83
DSCR
$4,424
Rent
-$656
Cashflow
Cash Flow
$4,424 income − $5,080 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,503
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,424
Total Expenses
$5,080
Mortgage P&I
63%
$2,770
Property Taxes
12%
$536
Home Insurance
4%
$192
HOA
2%
$77
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487