This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $131k initial cash invested.
-9.91%
Cash On Cash
4.22%
Cap Rate
0.67
DSCR
$3,524
Rent
-$1,082
Cashflow
Cash Flow
$3,524 income − $4,606 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,385
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$4,606
Mortgage P&I
80%
$2,834
Property Taxes
8%
$289
Home Insurance
6%
$219
HOA
2%
$65
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388