This property looks like a bad Mid-Term investment with a projected -8.14% first-year return on $131k initial cash invested.
-8.14%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$4,148
Rent
-$889
Cashflow
Cash Flow
$4,148 income − $5,037 expenses = $889 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,381
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,148
Total Expenses
$5,037
Mortgage P&I
71%
$2,950
Property Taxes
12%
$486
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456