This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $134k initial cash invested.
-9.6%
Cash On Cash
4.62%
Cap Rate
0.71
DSCR
$4,778
Rent
-$1,072
Cashflow
Cash Flow
$4,778 income − $5,850 expenses = $1,072 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,523
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,778
Total Expenses
$5,850
Mortgage P&I
63%
$3,008
Property Taxes
21%
$1,027
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526