This property looks like a bad Mid-Term investment with a projected -12.01% first-year return on $131k initial cash invested.
-12.01%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$2,967
Rent
-$1,312
Cashflow
Cash Flow
$2,967 income − $4,279 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,385
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$4,279
Mortgage P&I
100%
$2,957
Property Taxes
4%
$121
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326