This property looks like a bad Mid-Term investment with a projected -10.87% first-year return on $130k initial cash invested.
-10.87%
Cash On Cash
4.02%
Cap Rate
0.63
DSCR
$3,288
Rent
-$1,173
Cashflow
Cash Flow
$3,288 income − $4,461 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,311
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,288
Total Expenses
$4,461
Mortgage P&I
86%
$2,821
Property Taxes
10%
$322
Home Insurance
6%
$198
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362