This property looks like a bad Mid-Term investment with a projected -12.44% first-year return on $131k initial cash invested.
-12.44%
Cash On Cash
4.1%
Cap Rate
0.6
DSCR
$3,111
Rent
-$1,360
Cashflow
Cash Flow
$3,111 income − $4,471 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$4,471
Mortgage P&I
99%
$3,077
Property Taxes
5%
$149
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342