This property looks like a bad Mid-Term investment with a projected -11.48% first-year return on $130k initial cash invested.
-11.48%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$3,858
Rent
-$1,248
Cashflow
Cash Flow
$3,858 income − $5,106 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,353
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,858
Total Expenses
$5,106
Mortgage P&I
74%
$2,861
Property Taxes
12%
$469
Home Insurance
5%
$203
HOA
7%
$262
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424