This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $133k initial cash invested.
-7.43%
Cash On Cash
4.64%
Cap Rate
0.76
DSCR
$3,568
Rent
-$826
Cashflow
Cash Flow
$3,568 income − $4,394 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,496
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,568
Total Expenses
$4,394
Mortgage P&I
79%
$2,807
Property Taxes
4%
$140
Home Insurance
6%
$201
HOA
1%
$33
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392