This property looks like a bad Mid-Term investment with a projected -15.92% first-year return on $131k initial cash invested.
-15.92%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$2,778
Rent
-$1,740
Cashflow
Cash Flow
$2,778 income − $4,518 expenses = $1,740 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%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$4,518
Mortgage P&I
104%
$2,891
Property Taxes
18%
$494
Home Insurance
7%
$189
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306