This property looks like a bad Mid-Term investment with a projected -10.65% first-year return on $131k initial cash invested.
-10.65%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$3,146
Rent
-$1,165
Cashflow
Cash Flow
$3,146 income − $4,311 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,393
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,146
Total Expenses
$4,311
Mortgage P&I
93%
$2,931
Property Taxes
4%
$118
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346