This property looks like a bad Mid-Term investment with a projected -11.05% first-year return on $131k initial cash invested.
-11.05%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$3,051
Rent
-$1,210
Cashflow
Cash Flow
$3,051 income − $4,261 expenses = $1,210 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$4,261
Mortgage P&I
94%
$2,869
Property Taxes
5%
$165
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336