This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $131k initial cash invested.
-4.22%
Cash On Cash
5.57%
Cap Rate
0.91
DSCR
$5,085
Rent
-$459
Cashflow
Cash Flow
$5,085 income − $5,544 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,359
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,085
Total Expenses
$5,544
Mortgage P&I
54%
$2,745
Property Taxes
17%
$879
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559