This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $133k initial cash invested.
-7.4%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$4,316
Rent
-$823
Cashflow
Cash Flow
$4,316 income − $5,139 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,316
Total Expenses
$5,139
Mortgage P&I
70%
$3,014
Property Taxes
11%
$465
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$129
Maintenance
4%
$173
Other
11%
$475