This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $131k initial cash invested.
-4.56%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$4,622
Rent
-$498
Cashflow
Cash Flow
$4,622 income − $5,120 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,622
Total Expenses
$5,120
Mortgage P&I
62%
$2,885
Property Taxes
11%
$488
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508