This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $131k initial cash invested.
-8.9%
Cash On Cash
4.6%
Cap Rate
0.72
DSCR
$4,216
Rent
-$969
Cashflow
Cash Flow
$4,216 income − $5,185 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,367
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,216
Total Expenses
$5,185
Mortgage P&I
68%
$2,859
Property Taxes
12%
$518
Home Insurance
4%
$189
HOA
4%
$185
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464