This property looks like a bad Mid-Term investment with a projected -12.28% first-year return on $131k initial cash invested.
-12.28%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$2,907
Rent
-$1,342
Cashflow
Cash Flow
$2,907 income − $4,249 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,386
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$4,249
Mortgage P&I
99%
$2,873
Property Taxes
7%
$193
Home Insurance
7%
$195
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320