This property looks like a bad Mid-Term investment with a projected -8.72% first-year return on $131k initial cash invested.
-8.72%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$3,562
Rent
-$949
Cashflow
Cash Flow
$3,562 income − $4,511 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,363
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$4,511
Mortgage P&I
78%
$2,766
Property Taxes
9%
$303
Home Insurance
5%
$189
HOA
1%
$43
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392