This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $131k initial cash invested.
-6.37%
Cash On Cash
5.08%
Cap Rate
0.81
DSCR
$4,120
Rent
-$697
Cashflow
Cash Flow
$4,120 income − $4,817 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,398
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,120
Total Expenses
$4,817
Mortgage P&I
68%
$2,819
Property Taxes
10%
$405
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453