This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $132k initial cash invested.
-2.39%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$5,085
Rent
-$263
Cashflow
Cash Flow
$5,085 income − $5,348 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,419
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,085
Total Expenses
$5,348
Mortgage P&I
57%
$2,900
Property Taxes
10%
$531
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559