This property looks like a bad Mid-Term investment with a projected -8.74% first-year return on $130k initial cash invested.
-8.74%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$3,704
Rent
-$948
Cashflow
Cash Flow
$3,704 income − $4,652 expenses = $948 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%
$5,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,704
Total Expenses
$4,652
Mortgage P&I
79%
$2,925
Property Taxes
7%
$277
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407