This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $133k initial cash invested.
-1.65%
Cash On Cash
6.14%
Cap Rate
1.01
DSCR
$4,916
Rent
-$182
Cashflow
Cash Flow
$4,916 income − $5,098 expenses = $182 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,453
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,916
Total Expenses
$5,098
Mortgage P&I
56%
$2,777
Property Taxes
9%
$453
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$147
Maintenance
4%
$197
Other
11%
$541