This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $131k initial cash invested.
-11.21%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,818
Rent
-$1,227
Cashflow
Cash Flow
$2,818 income − $4,045 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,818
Total Expenses
$4,045
Mortgage P&I
98%
$2,772
Property Taxes
4%
$125
Home Insurance
7%
$189
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310