This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $132k initial cash invested.
-5.17%
Cash On Cash
5.81%
Cap Rate
0.87
DSCR
$4,602
Rent
-$568
Cashflow
Cash Flow
$4,602 income − $5,170 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,415
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$5,170
Mortgage P&I
65%
$3,006
Property Taxes
9%
$408
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506