This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $132k initial cash invested.
-2.66%
Cash On Cash
6.18%
Cap Rate
0.97
DSCR
$5,004
Rent
-$292
Cashflow
Cash Flow
$5,004 income − $5,296 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,427
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,004
Total Expenses
$5,296
Mortgage P&I
58%
$2,888
Property Taxes
9%
$449
Home Insurance
4%
$219
HOA
1%
$40
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550