This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $135k initial cash invested.
-7.02%
Cash On Cash
4.8%
Cap Rate
0.78
DSCR
$3,962
Rent
-$787
Cashflow
Cash Flow
$3,962 income − $4,749 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,962
Total Expenses
$4,749
Mortgage P&I
72%
$2,849
Property Taxes
9%
$354
Home Insurance
5%
$200
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436