This property looks like a bad Mid-Term investment with a projected -8.56% first-year return on $130k initial cash invested.
-8.56%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$3,580
Rent
-$926
Cashflow
Cash Flow
$3,580 income − $4,506 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,328
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,580
Total Expenses
$4,506
Mortgage P&I
83%
$2,963
Property Taxes
4%
$134
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394