This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $131k initial cash invested.
-7.38%
Cash On Cash
4.99%
Cap Rate
0.78
DSCR
$4,515
Rent
-$808
Cashflow
Cash Flow
$4,515 income − $5,323 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,395
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,515
Total Expenses
$5,323
Mortgage P&I
64%
$2,870
Property Taxes
15%
$693
Home Insurance
4%
$192
HOA
1%
$32
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497