This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $134k initial cash invested.
-7.44%
Cash On Cash
4.82%
Cap Rate
0.77
DSCR
$4,322
Rent
-$830
Cashflow
Cash Flow
$4,322 income − $5,152 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,520
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,322
Total Expenses
$5,152
Mortgage P&I
66%
$2,872
Property Taxes
14%
$600
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475