This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $130k initial cash invested.
-8.03%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$4,156
Rent
-$867
Cashflow
Cash Flow
$4,156 income − $5,023 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,310
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$5,023
Mortgage P&I
70%
$2,911
Property Taxes
12%
$513
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457