This property looks like a bad Mid-Term investment with a projected -11.29% first-year return on $132k initial cash invested.
-11.29%
Cash On Cash
4.34%
Cap Rate
0.64
DSCR
$3,540
Rent
-$1,244
Cashflow
Cash Flow
$3,540 income − $4,784 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,438
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,540
Total Expenses
$4,784
Mortgage P&I
87%
$3,071
Property Taxes
9%
$315
Home Insurance
5%
$194
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389