This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $131k initial cash invested.
-8.92%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$3,326
Rent
-$975
Cashflow
Cash Flow
$3,326 income − $4,301 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$4,301
Mortgage P&I
83%
$2,770
Property Taxes
6%
$211
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366