This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $131k initial cash invested.
-4.62%
Cash On Cash
5.72%
Cap Rate
0.89
DSCR
$4,762
Rent
-$504
Cashflow
Cash Flow
$4,762 income − $5,266 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,371
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,762
Total Expenses
$5,266
Mortgage P&I
60%
$2,872
Property Taxes
12%
$584
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$524