This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $135k initial cash invested.
-8.03%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$4,479
Rent
-$901
Cashflow
Cash Flow
$4,479 income − $5,380 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,558
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,479
Total Expenses
$5,380
Mortgage P&I
67%
$3,002
Property Taxes
14%
$628
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493