This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $131k initial cash invested.
-5.47%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$5,720
Rent
-$596
Cashflow
Cash Flow
$5,720 income − $6,316 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,370
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,720
Total Expenses
$6,316
Mortgage P&I
52%
$2,957
Property Taxes
20%
$1,148
Home Insurance
3%
$192
HOA
1%
$74
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629