This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $134k initial cash invested.
-4.98%
Cash On Cash
5.72%
Cap Rate
0.87
DSCR
$4,424
Rent
-$554
Cashflow
Cash Flow
$4,424 income − $4,978 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,424
Total Expenses
$4,978
Mortgage P&I
68%
$2,997
Property Taxes
6%
$277
Home Insurance
5%
$199
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487