This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $135k initial cash invested.
-6.33%
Cash On Cash
5.2%
Cap Rate
0.82
DSCR
$4,186
Rent
-$710
Cashflow
Cash Flow
$4,186 income − $4,896 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,186
Total Expenses
$4,896
Mortgage P&I
70%
$2,948
Property Taxes
8%
$332
Home Insurance
5%
$194
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460