This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $130k initial cash invested.
-8.6%
Cash On Cash
4.68%
Cap Rate
0.73
DSCR
$3,616
Rent
-$931
Cashflow
Cash Flow
$3,616 income − $4,547 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,329
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,616
Total Expenses
$4,547
Mortgage P&I
79%
$2,863
Property Taxes
7%
$268
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398