This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $134k initial cash invested.
-6.33%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$4,304
Rent
-$707
Cashflow
Cash Flow
$4,304 income − $5,011 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,525
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,304
Total Expenses
$5,011
Mortgage P&I
70%
$3,003
Property Taxes
7%
$306
Home Insurance
6%
$240
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473