This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $131k initial cash invested.
-2.93%
Cash On Cash
6.15%
Cap Rate
0.95
DSCR
$4,611
Rent
-$320
Cashflow
Cash Flow
$4,611 income − $4,931 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,378
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,611
Total Expenses
$4,931
Mortgage P&I
63%
$2,893
Property Taxes
6%
$299
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507