This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $130k initial cash invested.
-16.45%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,472
Rent
-$1,787
Cashflow
Cash Flow
$2,472 income − $4,259 expenses = $1,787 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,472
Total Expenses
$4,259
Mortgage P&I
118%
$2,911
Property Taxes
13%
$320
Home Insurance
8%
$187
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272