This property looks like a bad Mid-Term investment with a projected -14.88% first-year return on $132k initial cash invested.
-14.88%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$3,262
Rent
-$1,641
Cashflow
Cash Flow
$3,262 income − $4,903 expenses = $1,641 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,444
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,262
Total Expenses
$4,903
Mortgage P&I
90%
$2,934
Property Taxes
7%
$243
Home Insurance
6%
$198
HOA
13%
$420
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359