This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $131k initial cash invested.
-7.31%
Cash On Cash
4.79%
Cap Rate
0.78
DSCR
$4,476
Rent
-$800
Cashflow
Cash Flow
$4,476 income − $5,276 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,476
Total Expenses
$5,276
Mortgage P&I
62%
$2,777
Property Taxes
10%
$464
Home Insurance
4%
$189
HOA
7%
$325
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492