This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $133k initial cash invested.
-7.44%
Cash On Cash
4.86%
Cap Rate
0.77
DSCR
$4,311
Rent
-$826
Cashflow
Cash Flow
$4,311 income − $5,137 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,311
Total Expenses
$5,137
Mortgage P&I
67%
$2,879
Property Taxes
14%
$602
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474