This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $134k initial cash invested.
-4.57%
Cash On Cash
5.75%
Cap Rate
0.89
DSCR
$4,758
Rent
-$509
Cashflow
Cash Flow
$4,758 income − $5,267 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,506
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,758
Total Expenses
$5,267
Mortgage P&I
62%
$2,957
Property Taxes
8%
$386
Home Insurance
4%
$189
HOA
2%
$118
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$523