This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $132k initial cash invested.
-7.25%
Cash On Cash
5.4%
Cap Rate
0.8
DSCR
$4,520
Rent
-$795
Cashflow
Cash Flow
$4,520 income − $5,315 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,410
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,520
Total Expenses
$5,315
Mortgage P&I
67%
$3,047
Property Taxes
12%
$539
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497