This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $134k initial cash invested.
-8.49%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$4,520
Rent
-$944
Cashflow
Cash Flow
$4,520 income − $5,464 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,520
Total Expenses
$5,464
Mortgage P&I
68%
$3,066
Property Taxes
15%
$669
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497