This property looks like a bad Mid-Term investment with a projected -14.74% first-year return on $130k initial cash invested.
-14.74%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$3,078
Rent
-$1,602
Cashflow
Cash Flow
$3,078 income − $4,680 expenses = $1,602 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,352
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$4,680
Mortgage P&I
95%
$2,934
Property Taxes
17%
$509
Home Insurance
6%
$191
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339