This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $130k initial cash invested.
-8.47%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$4,011
Rent
-$919
Cashflow
Cash Flow
$4,011 income − $4,930 expenses = $919 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%
$5,340
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,011
Total Expenses
$4,930
Mortgage P&I
73%
$2,929
Property Taxes
11%
$447
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441