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
4.77%
Cap Rate
0.72
DSCR
$3,860
Rent
-$973
Cashflow
Cash Flow
$3,860 income − $4,833 expenses = $973 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%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,860
Total Expenses
$4,833
Mortgage P&I
77%
$2,962
Property Taxes
10%
$368
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$425