This property looks like a bad Mid-Term investment with a projected -19.92% first-year return on $130k initial cash invested.
-19.92%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$2,282
Rent
-$2,157
Cashflow
Cash Flow
$2,282 income − $4,439 expenses = $2,157 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,329
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,282
Total Expenses
$4,439
Mortgage P&I
130%
$2,968
Property Taxes
22%
$500
Home Insurance
8%
$192
HOA
0%
$4
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251