This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $134k initial cash invested.
-7.9%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$3,950
Rent
-$883
Cashflow
Cash Flow
$3,950 income − $4,833 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$111k
Closing costs
1%
$5,533
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,950
Total Expenses
$4,833
Mortgage P&I
71%
$2,821
Property Taxes
12%
$469
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434