This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $131k initial cash invested.
-5.87%
Cash On Cash
5.7%
Cap Rate
0.84
DSCR
$4,005
Rent
-$642
Cashflow
Cash Flow
$4,005 income − $4,647 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,005
Total Expenses
$4,647
Mortgage P&I
76%
$3,042
Property Taxes
1%
$24
Home Insurance
5%
$189
HOA
1%
$30
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441