This property looks like a bad Mid-Term investment with a projected -13.34% first-year return on $132k initial cash invested.
-13.34%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$3,222
Rent
-$1,466
Cashflow
Cash Flow
$3,222 income − $4,688 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,424
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,222
Total Expenses
$4,688
Mortgage P&I
92%
$2,976
Property Taxes
13%
$424
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354