This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $130k initial cash invested.
-9.6%
Cash On Cash
4.46%
Cap Rate
0.68
DSCR
$3,156
Rent
-$1,039
Cashflow
Cash Flow
$3,156 income − $4,195 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,330
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,156
Total Expenses
$4,195
Mortgage P&I
92%
$2,896
Property Taxes
1%
$39
Home Insurance
6%
$187
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347