This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $131k initial cash invested.
-3.04%
Cash On Cash
6.33%
Cap Rate
0.95
DSCR
$4,812
Rent
-$331
Cashflow
Cash Flow
$4,812 income − $5,143 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,368
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,812
Total Expenses
$5,143
Mortgage P&I
62%
$2,972
Property Taxes
8%
$364
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529