This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $134k initial cash invested.
-1.23%
Cash On Cash
6.73%
Cap Rate
1.02
DSCR
$5,232
Rent
-$137
Cashflow
Cash Flow
$5,232 income − $5,369 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,517
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,232
Total Expenses
$5,369
Mortgage P&I
58%
$3,023
Property Taxes
7%
$371
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576