This property looks like a bad Mid-Term investment with a projected -12.03% first-year return on $131k initial cash invested.
-12.03%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$3,705
Rent
-$1,316
Cashflow
Cash Flow
$3,705 income − $5,021 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,392
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,705
Total Expenses
$5,021
Mortgage P&I
78%
$2,895
Property Taxes
18%
$674
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408