This property looks like a bad Mid-Term investment with a projected -7.89% first-year return on $131k initial cash invested.
-7.89%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$4,004
Rent
-$864
Cashflow
Cash Flow
$4,004 income − $4,868 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,004
Total Expenses
$4,868
Mortgage P&I
74%
$2,963
Property Taxes
9%
$356
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440