This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $130k initial cash invested.
-6.87%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$3,558
Rent
-$746
Cashflow
Cash Flow
$3,558 income − $4,304 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,558
Total Expenses
$4,304
Mortgage P&I
77%
$2,727
Property Taxes
5%
$176
Home Insurance
5%
$187
HOA
0%
$5
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391