This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $135k initial cash invested.
-7.1%
Cash On Cash
5.16%
Cap Rate
0.8
DSCR
$4,630
Rent
-$799
Cashflow
Cash Flow
$4,630 income − $5,429 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,569
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,630
Total Expenses
$5,429
Mortgage P&I
65%
$3,008
Property Taxes
11%
$532
Home Insurance
4%
$200
HOA
2%
$115
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509