This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $134k initial cash invested.
-5.85%
Cash On Cash
5.68%
Cap Rate
0.84
DSCR
$4,130
Rent
-$651
Cashflow
Cash Flow
$4,130 income − $4,781 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,130
Total Expenses
$4,781
Mortgage P&I
75%
$3,088
Property Taxes
2%
$97
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454