This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $131k initial cash invested.
-6.37%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$5,126
Rent
-$697
Cashflow
Cash Flow
$5,126 income − $5,823 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,126
Total Expenses
$5,823
Mortgage P&I
57%
$2,947
Property Taxes
18%
$944
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564