This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $134k initial cash invested.
-2.6%
Cash On Cash
6.39%
Cap Rate
0.98
DSCR
$5,422
Rent
-$289
Cashflow
Cash Flow
$5,422 income − $5,711 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,422
Total Expenses
$5,711
Mortgage P&I
55%
$3,002
Property Taxes
12%
$673
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$596