This property looks like a bad Mid-Term investment with a projected -11.04% first-year return on $130k initial cash invested.
-11.04%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$3,164
Rent
-$1,194
Cashflow
Cash Flow
$3,164 income − $4,358 expenses = $1,194 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%
$5,323
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,164
Total Expenses
$4,358
Mortgage P&I
93%
$2,955
Property Taxes
4%
$134
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348