This property looks like a bad Mid-Term investment with a projected -8.46% first-year return on $132k initial cash invested.
-8.46%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$4,010
Rent
-$929
Cashflow
Cash Flow
$4,010 income − $4,939 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,416
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,010
Total Expenses
$4,939
Mortgage P&I
73%
$2,909
Property Taxes
1%
$29
Home Insurance
5%
$192
HOA
11%
$447
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441