This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $130k initial cash invested.
-6.94%
Cash On Cash
5.01%
Cap Rate
0.79
DSCR
$3,735
Rent
-$754
Cashflow
Cash Flow
$3,735 income − $4,489 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,735
Total Expenses
$4,489
Mortgage P&I
76%
$2,837
Property Taxes
5%
$196
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411