This property looks like a bad Mid-Term investment with a projected -1.55% first-year return on $131k initial cash invested.
-1.55%
Cash On Cash
6.22%
Cap Rate
1.01
DSCR
$4,776
Rent
-$169
Cashflow
Cash Flow
$4,776 income − $4,945 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,392
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,776
Total Expenses
$4,945
Mortgage P&I
58%
$2,774
Property Taxes
7%
$357
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525