This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $132k initial cash invested.
-7.64%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$3,950
Rent
-$843
Cashflow
Cash Flow
$3,950 income − $4,793 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,950
Total Expenses
$4,793
Mortgage P&I
78%
$3,067
Property Taxes
5%
$193
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434