This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $134k initial cash invested.
-7.65%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$4,449
Rent
-$855
Cashflow
Cash Flow
$4,449 income − $5,304 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,528
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,449
Total Expenses
$5,304
Mortgage P&I
69%
$3,054
Property Taxes
12%
$520
Home Insurance
4%
$198
HOA
0%
$20
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489