This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $132k initial cash invested.
-6.2%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$4,038
Rent
-$684
Cashflow
Cash Flow
$4,038 income − $4,722 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,448
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,038
Total Expenses
$4,722
Mortgage P&I
72%
$2,921
Property Taxes
5%
$203
Home Insurance
5%
$199
HOA
1%
$25
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444