This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $134k initial cash invested.
-7.12%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$5,121
Rent
-$795
Cashflow
Cash Flow
$5,121 income − $5,916 expenses = $795 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%
$5,521
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,121
Total Expenses
$5,916
Mortgage P&I
58%
$2,987
Property Taxes
19%
$994
Home Insurance
4%
$193
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563