This property looks like a bad Mid-Term investment with a projected -16.33% first-year return on $131k initial cash invested.
-16.33%
Cash On Cash
2.96%
Cap Rate
0.44
DSCR
$3,080
Rent
-$1,787
Cashflow
Cash Flow
$3,080 income − $4,867 expenses = $1,787 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,395
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$4,867
Mortgage P&I
97%
$2,996
Property Taxes
21%
$632
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339