This property looks like a bad Mid-Term investment with a projected -3% first-year return on $133k initial cash invested.
-3%
Cash On Cash
5.82%
Cap Rate
0.95
DSCR
$5,062
Rent
-$334
Cashflow
Cash Flow
$5,062 income − $5,396 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,062
Total Expenses
$5,396
Mortgage P&I
55%
$2,798
Property Taxes
14%
$686
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557