This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $134k initial cash invested.
-0.77%
Cash On Cash
6.89%
Cap Rate
1.04
DSCR
$5,264
Rent
-$86
Cashflow
Cash Flow
$5,264 income − $5,350 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,509
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,264
Total Expenses
$5,350
Mortgage P&I
58%
$3,037
Property Taxes
6%
$326
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579