This property looks like a bad Mid-Term investment with a projected -7.98% first-year return on $133k initial cash invested.
-7.98%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$4,996
Rent
-$883
Cashflow
Cash Flow
$4,996 income − $5,879 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,463
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,996
Total Expenses
$5,879
Mortgage P&I
61%
$3,036
Property Taxes
19%
$952
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550