This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $133k initial cash invested.
-1.64%
Cash On Cash
6.41%
Cap Rate
1.01
DSCR
$5,404
Rent
-$181
Cashflow
Cash Flow
$5,404 income − $5,585 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,458
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,404
Total Expenses
$5,585
Mortgage P&I
53%
$2,881
Property Taxes
7%
$386
Home Insurance
4%
$192
HOA
5%
$290
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594