This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $135k initial cash invested.
-8.7%
Cash On Cash
4.62%
Cap Rate
0.73
DSCR
$4,278
Rent
-$975
Cashflow
Cash Flow
$4,278 income − $5,253 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,278
Total Expenses
$5,253
Mortgage P&I
69%
$2,941
Property Taxes
15%
$630
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471