This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $134k initial cash invested.
-6.25%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$4,484
Rent
-$695
Cashflow
Cash Flow
$4,484 income − $5,179 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,484
Total Expenses
$5,179
Mortgage P&I
68%
$3,065
Property Taxes
9%
$398
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493