This property looks like a bad Mid-Term investment with a projected -5.32% first-year return on $131k initial cash invested.
-5.32%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$4,276
Rent
-$581
Cashflow
Cash Flow
$4,276 income − $4,857 expenses = $581 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%
$5,383
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,276
Total Expenses
$4,857
Mortgage P&I
68%
$2,898
Property Taxes
7%
$315
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470