This property looks like a bad Mid-Term investment with a projected -12.35% first-year return on $131k initial cash invested.
-12.35%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$3,081
Rent
-$1,353
Cashflow
Cash Flow
$3,081 income − $4,434 expenses = $1,353 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%
$5,401
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,081
Total Expenses
$4,434
Mortgage P&I
96%
$2,960
Property Taxes
8%
$231
Home Insurance
6%
$196
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339