This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $131k initial cash invested.
-4.6%
Cash On Cash
5.93%
Cap Rate
0.9
DSCR
$4,815
Rent
-$500
Cashflow
Cash Flow
$4,815 income − $5,315 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,360
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$5,315
Mortgage P&I
61%
$2,954
Property Taxes
10%
$504
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530