This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $132k initial cash invested.
-2.67%
Cash On Cash
6.36%
Cap Rate
0.97
DSCR
$5,271
Rent
-$295
Cashflow
Cash Flow
$5,271 income − $5,566 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,447
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,271
Total Expenses
$5,566
Mortgage P&I
56%
$2,972
Property Taxes
12%
$609
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580