This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $134k initial cash invested.
-7.64%
Cash On Cash
5.23%
Cap Rate
0.78
DSCR
$4,330
Rent
-$855
Cashflow
Cash Flow
$4,330 income − $5,185 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,540
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,330
Total Expenses
$5,185
Mortgage P&I
72%
$3,098
Property Taxes
10%
$421
Home Insurance
4%
$194
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476