This property looks like a bad Mid-Term investment with a projected -4.31% first-year return on $131k initial cash invested.
-4.31%
Cash On Cash
5.77%
Cap Rate
0.9
DSCR
$4,539
Rent
-$470
Cashflow
Cash Flow
$4,539 income − $5,009 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,379
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,539
Total Expenses
$5,009
Mortgage P&I
63%
$2,873
Property Taxes
9%
$400
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499