This property looks like a bad Mid-Term investment with a projected -8.68% first-year return on $131k initial cash invested.
-8.68%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$3,762
Rent
-$949
Cashflow
Cash Flow
$3,762 income − $4,711 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,391
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,762
Total Expenses
$4,711
Mortgage P&I
77%
$2,911
Property Taxes
9%
$330
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414