This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $134k initial cash invested.
-7.21%
Cash On Cash
4.81%
Cap Rate
0.79
DSCR
$5,385
Rent
-$803
Cashflow
Cash Flow
$5,385 income − $6,188 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,506
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,385
Total Expenses
$6,188
Mortgage P&I
52%
$2,795
Property Taxes
26%
$1,388
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592