This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $133k initial cash invested.
-6.23%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$4,396
Rent
-$692
Cashflow
Cash Flow
$4,396 income − $5,088 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$110k
Closing costs
1%
$5,493
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,396
Total Expenses
$5,088
Mortgage P&I
64%
$2,818
Property Taxes
13%
$582
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484