This property looks like a bad Mid-Term investment with a projected -8.53% first-year return on $130k initial cash invested.
-8.53%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$3,710
Rent
-$924
Cashflow
Cash Flow
$3,710 income − $4,634 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,335
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,710
Total Expenses
$4,634
Mortgage P&I
79%
$2,940
Property Taxes
5%
$200
Home Insurance
5%
$191
HOA
1%
$43
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408