This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $133k initial cash invested.
-5.43%
Cash On Cash
5.85%
Cap Rate
0.87
DSCR
$5,440
Rent
-$603
Cashflow
Cash Flow
$5,440 income − $6,043 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,440
Total Expenses
$6,043
Mortgage P&I
56%
$3,060
Property Taxes
14%
$786
Home Insurance
4%
$192
HOA
3%
$155
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598