This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $134k initial cash invested.
-6.03%
Cash On Cash
5.09%
Cap Rate
0.83
DSCR
$4,848
Rent
-$671
Cashflow
Cash Flow
$4,848 income − $5,519 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,848
Total Expenses
$5,519
Mortgage P&I
58%
$2,808
Property Taxes
18%
$871
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$582
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$533