This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $134k initial cash invested.
-7.24%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$4,712
Rent
-$806
Cashflow
Cash Flow
$4,712 income − $5,518 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,502
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,712
Total Expenses
$5,518
Mortgage P&I
59%
$2,800
Property Taxes
20%
$926
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518