This property looks like a bad Mid-Term investment with a projected -5.05% first-year return on $134k initial cash invested.
-5.05%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$4,804
Rent
-$562
Cashflow
Cash Flow
$4,804 income − $5,366 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,804
Total Expenses
$5,366
Mortgage P&I
61%
$2,944
Property Taxes
12%
$598
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528