This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $130k initial cash invested.
-3.16%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$5,438
Rent
-$343
Cashflow
Cash Flow
$5,438 income − $5,781 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,438
Total Expenses
$5,781
Mortgage P&I
55%
$2,977
Property Taxes
14%
$770
Home Insurance
3%
$184
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598