This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $131k initial cash invested.
-8.36%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$3,741
Rent
-$914
Cashflow
Cash Flow
$3,741 income − $4,655 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,393
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$4,655
Mortgage P&I
77%
$2,884
Property Taxes
8%
$302
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412