This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $132k initial cash invested.
-6.97%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$4,246
Rent
-$765
Cashflow
Cash Flow
$4,246 income − $5,011 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,412
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,246
Total Expenses
$5,011
Mortgage P&I
69%
$2,941
Property Taxes
6%
$267
Home Insurance
5%
$192
HOA
4%
$167
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467