This property looks like a bad Mid-Term investment with a projected -8.74% first-year return on $132k initial cash invested.
-8.74%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$4,420
Rent
-$963
Cashflow
Cash Flow
$4,420 income − $5,383 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,436
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,420
Total Expenses
$5,383
Mortgage P&I
67%
$2,950
Property Taxes
17%
$738
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$486