This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $130k initial cash invested.
-7.04%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$3,624
Rent
-$761
Cashflow
Cash Flow
$3,624 income − $4,385 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,317
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,624
Total Expenses
$4,385
Mortgage P&I
81%
$2,933
Property Taxes
1%
$27
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399