This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $132k initial cash invested.
-6.19%
Cash On Cash
4.98%
Cap Rate
0.81
DSCR
$3,975
Rent
-$683
Cashflow
Cash Flow
$3,975 income − $4,658 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,448
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$4,658
Mortgage P&I
70%
$2,784
Property Taxes
8%
$332
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437