This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $132k initial cash invested.
-7.6%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$4,206
Rent
-$835
Cashflow
Cash Flow
$4,206 income − $5,041 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,425
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,206
Total Expenses
$5,041
Mortgage P&I
71%
$2,974
Property Taxes
11%
$445
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463