This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $134k initial cash invested.
-3.19%
Cash On Cash
5.99%
Cap Rate
0.94
DSCR
$4,748
Rent
-$355
Cashflow
Cash Flow
$4,748 income − $5,103 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,748
Total Expenses
$5,103
Mortgage P&I
61%
$2,917
Property Taxes
7%
$310
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522