This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $132k initial cash invested.
-9.07%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$3,958
Rent
-$994
Cashflow
Cash Flow
$3,958 income − $4,952 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,408
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,958
Total Expenses
$4,952
Mortgage P&I
74%
$2,915
Property Taxes
13%
$503
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435