This property looks like a bad Mid-Term investment with a projected -1.89% first-year return on $132k initial cash invested.
-1.89%
Cash On Cash
6.73%
Cap Rate
1.01
DSCR
$5,904
Rent
-$207
Cashflow
Cash Flow
$5,904 income − $6,111 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,415
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,904
Total Expenses
$6,111
Mortgage P&I
51%
$3,007
Property Taxes
15%
$858
Home Insurance
3%
$194
HOA
1%
$46
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649