This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $130k initial cash invested.
-5.3%
Cash On Cash
5.22%
Cap Rate
0.85
DSCR
$4,082
Rent
-$573
Cashflow
Cash Flow
$4,082 income − $4,655 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,317
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,082
Total Expenses
$4,655
Mortgage P&I
67%
$2,724
Property Taxes
8%
$311
Home Insurance
5%
$187
HOA
1%
$46
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449