This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $131k initial cash invested.
-8.49%
Cash On Cash
4.33%
Cap Rate
0.72
DSCR
$3,951
Rent
-$925
Cashflow
Cash Flow
$3,951 income − $4,876 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,367
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,951
Total Expenses
$4,876
Mortgage P&I
68%
$2,704
Property Taxes
16%
$632
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435