This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $130k initial cash invested.
-6.18%
Cash On Cash
5.27%
Cap Rate
0.82
DSCR
$4,292
Rent
-$671
Cashflow
Cash Flow
$4,292 income − $4,963 expenses = $671 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%
$5,351
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,292
Total Expenses
$4,963
Mortgage P&I
66%
$2,847
Property Taxes
11%
$467
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472