This property looks like a bad Mid-Term investment with a projected -13.08% first-year return on $130k initial cash invested.
-13.08%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$2,774
Rent
-$1,421
Cashflow
Cash Flow
$2,774 income − $4,195 expenses = $1,421 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,774
Total Expenses
$4,195
Mortgage P&I
104%
$2,883
Property Taxes
7%
$182
Home Insurance
7%
$187
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305