This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $131k initial cash invested.
-3.01%
Cash On Cash
6.33%
Cap Rate
0.96
DSCR
$4,912
Rent
-$328
Cashflow
Cash Flow
$4,912 income − $5,240 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,363
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,912
Total Expenses
$5,240
Mortgage P&I
60%
$2,963
Property Taxes
8%
$417
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540