This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $131k initial cash invested.
-6.72%
Cash On Cash
5.24%
Cap Rate
0.82
DSCR
$5,169
Rent
-$734
Cashflow
Cash Flow
$5,169 income − $5,903 expenses = $734 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,388
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,169
Total Expenses
$5,903
Mortgage P&I
56%
$2,878
Property Taxes
18%
$916
Home Insurance
4%
$192
HOA
3%
$159
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569