This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $131k initial cash invested.
-4.66%
Cash On Cash
5.27%
Cap Rate
0.87
DSCR
$3,854
Rent
-$510
Cashflow
Cash Flow
$3,854 income − $4,364 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,854
Total Expenses
$4,364
Mortgage P&I
71%
$2,723
Property Taxes
4%
$142
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424