This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $131k initial cash invested.
-5.35%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$4,836
Rent
-$583
Cashflow
Cash Flow
$4,836 income − $5,419 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,366
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,836
Total Expenses
$5,419
Mortgage P&I
61%
$2,930
Property Taxes
13%
$619
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532