This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $130k initial cash invested.
-10.57%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$3,670
Rent
-$1,141
Cashflow
Cash Flow
$3,670 income − $4,811 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,314
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,670
Total Expenses
$4,811
Mortgage P&I
78%
$2,877
Property Taxes
13%
$495
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404