This property looks like a bad Mid-Term investment with a projected -13.88% first-year return on $131k initial cash invested.
-13.88%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$3,687
Rent
-$1,517
Cashflow
Cash Flow
$3,687 income − $5,204 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,389
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,687
Total Expenses
$5,204
Mortgage P&I
77%
$2,845
Property Taxes
25%
$917
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$406