This property looks like a bad Mid-Term investment with a projected -12.73% first-year return on $130k initial cash invested.
-12.73%
Cash On Cash
4%
Cap Rate
0.59
DSCR
$3,164
Rent
-$1,383
Cashflow
Cash Flow
$3,164 income − $4,547 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,164
Total Expenses
$4,547
Mortgage P&I
96%
$3,038
Property Taxes
8%
$245
Home Insurance
6%
$187
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348