This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $131k initial cash invested.
-3.63%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$4,306
Rent
-$398
Cashflow
Cash Flow
$4,306 income − $4,704 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,306
Total Expenses
$4,704
Mortgage P&I
68%
$2,934
Property Taxes
3%
$110
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474