This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $131k initial cash invested.
-6.71%
Cash On Cash
5.45%
Cap Rate
0.81
DSCR
$3,939
Rent
-$735
Cashflow
Cash Flow
$3,939 income − $4,674 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,674
Mortgage P&I
77%
$3,031
Property Taxes
2%
$97
Home Insurance
5%
$189
HOA
0%
$17
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433