This property looks like a bad Mid-Term investment with a projected -9.52% first-year return on $131k initial cash invested.
-9.52%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$3,412
Rent
-$1,038
Cashflow
Cash Flow
$3,412 income − $4,450 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,376
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$4,450
Mortgage P&I
86%
$2,940
Property Taxes
5%
$160
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375