This property looks like a bad Mid-Term investment with a projected -10.49% first-year return on $130k initial cash invested.
-10.49%
Cash On Cash
4.01%
Cap Rate
0.64
DSCR
$3,122
Rent
-$1,140
Cashflow
Cash Flow
$3,122 income − $4,262 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,122
Total Expenses
$4,262
Mortgage P&I
90%
$2,805
Property Taxes
7%
$208
Home Insurance
6%
$187
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343