This property looks like a bad Mid-Term investment with a projected -16.88% first-year return on $132k initial cash invested.
-16.88%
Cash On Cash
2.89%
Cap Rate
0.43
DSCR
$2,505
Rent
-$1,862
Cashflow
Cash Flow
$2,505 income − $4,367 expenses = $1,862 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,445
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,505
Total Expenses
$4,367
Mortgage P&I
123%
$3,075
Property Taxes
10%
$243
Home Insurance
8%
$197
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276