This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $131k initial cash invested.
-9.53%
Cash On Cash
4.85%
Cap Rate
0.71
DSCR
$3,970
Rent
-$1,043
Cashflow
Cash Flow
$3,970 income − $5,013 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,970
Total Expenses
$5,013
Mortgage P&I
77%
$3,067
Property Taxes
10%
$407
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437