This property looks like a bad Mid-Term investment with a projected -2.58% first-year return on $134k initial cash invested.
-2.58%
Cash On Cash
6.59%
Cap Rate
0.97
DSCR
$5,229
Rent
-$288
Cashflow
Cash Flow
$5,229 income − $5,517 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,229
Total Expenses
$5,517
Mortgage P&I
60%
$3,115
Property Taxes
8%
$433
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575