This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $132k initial cash invested.
-6.94%
Cash On Cash
5.15%
Cap Rate
0.8
DSCR
$4,442
Rent
-$762
Cashflow
Cash Flow
$4,442 income − $5,204 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,414
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,442
Total Expenses
$5,204
Mortgage P&I
65%
$2,909
Property Taxes
13%
$556
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489