This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $131k initial cash invested.
-7.65%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$4,052
Rent
-$836
Cashflow
Cash Flow
$4,052 income − $4,888 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,388
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,052
Total Expenses
$4,888
Mortgage P&I
73%
$2,969
Property Taxes
5%
$220
Home Insurance
5%
$194
HOA
3%
$127
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446