This property looks like a bad Mid-Term investment with a projected -13.25% first-year return on $131k initial cash invested.
-13.25%
Cash On Cash
3.18%
Cap Rate
0.52
DSCR
$3,028
Rent
-$1,450
Cashflow
Cash Flow
$3,028 income − $4,478 expenses = $1,450 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,397
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,028
Total Expenses
$4,478
Mortgage P&I
91%
$2,759
Property Taxes
16%
$492
Home Insurance
7%
$198
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333