This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $131k initial cash invested.
-7.5%
Cash On Cash
5.38%
Cap Rate
0.79
DSCR
$4,360
Rent
-$820
Cashflow
Cash Flow
$4,360 income − $5,180 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,387
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$5,180
Mortgage P&I
70%
$3,060
Property Taxes
10%
$446
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480