This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $132k initial cash invested.
-8.59%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$3,765
Rent
-$947
Cashflow
Cash Flow
$3,765 income − $4,712 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,442
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,765
Total Expenses
$4,712
Mortgage P&I
80%
$2,997
Property Taxes
6%
$236
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414