This property looks like a bad Mid-Term investment with a projected -17.41% first-year return on $132k initial cash invested.
-17.41%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$2,454
Rent
-$1,913
Cashflow
Cash Flow
$2,454 income − $4,367 expenses = $1,913 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$108k
Closing costs
1%
$5,422
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,454
Total Expenses
$4,367
Mortgage P&I
121%
$2,968
Property Taxes
6%
$159
Home Insurance
8%
$198
HOA
8%
$208
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270