This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $133k initial cash invested.
-3.33%
Cash On Cash
6.44%
Cap Rate
0.96
DSCR
$6,416
Rent
-$370
Cashflow
Cash Flow
$6,416 income − $6,786 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,416
Total Expenses
$6,786
Mortgage P&I
48%
$3,065
Property Taxes
21%
$1,347
Home Insurance
3%
$192
HOA
0%
$0
Property Management
12%
$770
CapEx
4%
$257
Vacancy
3%
$192
Maintenance
4%
$257
Other
11%
$706