This property looks like a bad Mid-Term investment with a projected -10.41% first-year return on $131k initial cash invested.
-10.41%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$3,812
Rent
-$1,136
Cashflow
Cash Flow
$3,812 income − $4,948 expenses = $1,136 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,379
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$4,948
Mortgage P&I
77%
$2,949
Property Taxes
12%
$463
Home Insurance
5%
$192
HOA
1%
$50
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419