This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $134k initial cash invested.
-3.67%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$4,779
Rent
-$408
Cashflow
Cash Flow
$4,779 income − $5,187 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,779
Total Expenses
$5,187
Mortgage P&I
62%
$2,964
Property Taxes
9%
$407
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526