This property looks like a bad Mid-Term investment with a projected -7.79% first-year return on $134k initial cash invested.
-7.79%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$4,220
Rent
-$871
Cashflow
Cash Flow
$4,220 income − $5,091 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,536
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,220
Total Expenses
$5,091
Mortgage P&I
70%
$2,961
Property Taxes
6%
$272
Home Insurance
5%
$198
HOA
5%
$225
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464