This property looks like a bad Mid-Term investment with a projected -12.74% first-year return on $131k initial cash invested.
-12.74%
Cash On Cash
3.27%
Cap Rate
0.53
DSCR
$2,736
Rent
-$1,395
Cashflow
Cash Flow
$2,736 income − $4,131 expenses = $1,395 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,736
Total Expenses
$4,131
Mortgage P&I
101%
$2,759
Property Taxes
9%
$254
Home Insurance
7%
$189
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301