This property looks like a bad Mid-Term investment with a projected -13.94% first-year return on $131k initial cash invested.
-13.94%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$2,976
Rent
-$1,517
Cashflow
Cash Flow
$2,976 income − $4,493 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$107k
Closing costs
1%
$5,361
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,976
Total Expenses
$4,493
Mortgage P&I
99%
$2,939
Property Taxes
12%
$354
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327