This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $131k initial cash invested.
-4.58%
Cash On Cash
5.8%
Cap Rate
0.89
DSCR
$4,476
Rent
-$502
Cashflow
Cash Flow
$4,476 income − $4,978 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,476
Total Expenses
$4,978
Mortgage P&I
65%
$2,931
Property Taxes
6%
$264
Home Insurance
4%
$192
HOA
2%
$70
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492