This property looks like a bad Mid-Term investment with a projected -7.78% first-year return on $134k initial cash invested.
-7.78%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$3,772
Rent
-$866
Cashflow
Cash Flow
$3,772 income − $4,638 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,772
Total Expenses
$4,638
Mortgage P&I
81%
$3,048
Property Taxes
3%
$115
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415