This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $133k initial cash invested.
-4.18%
Cash On Cash
5.83%
Cap Rate
0.9
DSCR
$4,156
Rent
-$465
Cashflow
Cash Flow
$4,156 income − $4,621 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$4,621
Mortgage P&I
71%
$2,969
Property Taxes
1%
$47
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457