This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $131k initial cash invested.
-2.44%
Cash On Cash
6.09%
Cap Rate
0.98
DSCR
$5,252
Rent
-$266
Cashflow
Cash Flow
$5,252 income − $5,518 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,379
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,252
Total Expenses
$5,518
Mortgage P&I
53%
$2,786
Property Taxes
14%
$757
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578