This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $133k initial cash invested.
-5.29%
Cash On Cash
5.57%
Cap Rate
0.86
DSCR
$4,646
Rent
-$587
Cashflow
Cash Flow
$4,646 income − $5,233 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,486
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,646
Total Expenses
$5,233
Mortgage P&I
63%
$2,948
Property Taxes
10%
$447
Home Insurance
5%
$228
HOA
1%
$30
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511