This property looks like a bad Mid-Term investment with a projected -12.7% first-year return on $130k initial cash invested.
-12.7%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$2,750
Rent
-$1,373
Cashflow
Cash Flow
$2,750 income − $4,123 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,320
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,750
Total Expenses
$4,123
Mortgage P&I
99%
$2,719
Property Taxes
10%
$284
Home Insurance
7%
$186
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302