This property looks like a bad Mid-Term investment with a projected -6.3% first-year return on $133k initial cash invested.
-6.3%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$4,274
Rent
-$701
Cashflow
Cash Flow
$4,274 income − $4,975 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,274
Total Expenses
$4,975
Mortgage P&I
70%
$2,988
Property Taxes
8%
$342
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470