This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $130k initial cash invested.
-3.23%
Cash On Cash
5.8%
Cap Rate
0.94
DSCR
$4,340
Rent
-$349
Cashflow
Cash Flow
$4,340 income − $4,689 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,326
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,340
Total Expenses
$4,689
Mortgage P&I
63%
$2,751
Property Taxes
6%
$270
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$477