This property looks like a bad Mid-Term investment with a projected -10.21% first-year return on $131k initial cash invested.
-10.21%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$3,051
Rent
-$1,113
Cashflow
Cash Flow
$3,051 income − $4,164 expenses = $1,113 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,374
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$4,164
Mortgage P&I
90%
$2,755
Property Taxes
6%
$173
Home Insurance
6%
$198
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336