This property looks like a bad Mid-Term investment with a projected -11.26% first-year return on $132k initial cash invested.
-11.26%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$3,494
Rent
-$1,237
Cashflow
Cash Flow
$3,494 income − $4,731 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,421
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$4,731
Mortgage P&I
86%
$3,015
Property Taxes
5%
$170
Home Insurance
6%
$198
HOA
5%
$160
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384