This property looks like a bad Mid-Term investment with a projected -12.71% first-year return on $131k initial cash invested.
-12.71%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,878
Rent
-$1,392
Cashflow
Cash Flow
$2,878 income − $4,270 expenses = $1,392 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$4,270
Mortgage P&I
103%
$2,955
Property Taxes
5%
$148
Home Insurance
7%
$189
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317