This property looks like a bad Mid-Term investment with a projected -10.41% first-year return on $130k initial cash invested.
-10.41%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$3,692
Rent
-$1,132
Cashflow
Cash Flow
$3,692 income − $4,824 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,354
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$4,824
Mortgage P&I
78%
$2,871
Property Taxes
14%
$508
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406