This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $131k initial cash invested.
-5.1%
Cash On Cash
5.27%
Cap Rate
0.87
DSCR
$4,698
Rent
-$555
Cashflow
Cash Flow
$4,698 income − $5,253 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,364
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,698
Total Expenses
$5,253
Mortgage P&I
58%
$2,721
Property Taxes
16%
$750
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517