This property looks like a bad Mid-Term investment with a projected -10.54% first-year return on $131k initial cash invested.
-10.54%
Cash On Cash
3.84%
Cap Rate
0.63
DSCR
$3,252
Rent
-$1,154
Cashflow
Cash Flow
$3,252 income − $4,406 expenses = $1,154 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
$3,252
Total Expenses
$4,406
Mortgage P&I
85%
$2,753
Property Taxes
11%
$355
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358