This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $131k initial cash invested.
-2.76%
Cash On Cash
6.31%
Cap Rate
0.97
DSCR
$5,264
Rent
-$302
Cashflow
Cash Flow
$5,264 income − $5,566 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,393
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,264
Total Expenses
$5,566
Mortgage P&I
56%
$2,928
Property Taxes
12%
$656
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579