This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $132k initial cash invested.
-8.96%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$3,795
Rent
-$987
Cashflow
Cash Flow
$3,795 income − $4,782 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,440
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$4,782
Mortgage P&I
76%
$2,898
Property Taxes
10%
$363
Home Insurance
5%
$196
HOA
1%
$35
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417