This property looks like a bad Mid-Term investment with a projected -6.31% first-year return on $130k initial cash invested.
-6.31%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$4,158
Rent
-$684
Cashflow
Cash Flow
$4,158 income − $4,842 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,334
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,158
Total Expenses
$4,842
Mortgage P&I
70%
$2,910
Property Taxes
8%
$330
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457