This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $131k initial cash invested.
-4.96%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$4,282
Rent
-$543
Cashflow
Cash Flow
$4,282 income − $4,825 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,396
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,282
Total Expenses
$4,825
Mortgage P&I
64%
$2,759
Property Taxes
10%
$419
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471