This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $132k initial cash invested.
-3.91%
Cash On Cash
6.24%
Cap Rate
0.93
DSCR
$5,691
Rent
-$431
Cashflow
Cash Flow
$5,691 income − $6,122 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,446
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,691
Total Expenses
$6,122
Mortgage P&I
53%
$3,034
Property Taxes
17%
$965
Home Insurance
3%
$187
HOA
0%
$0
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626