This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $130k initial cash invested.
-4.67%
Cash On Cash
5.44%
Cap Rate
0.89
DSCR
$5,163
Rent
-$506
Cashflow
Cash Flow
$5,163 income − $5,669 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,331
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,163
Total Expenses
$5,669
Mortgage P&I
53%
$2,714
Property Taxes
20%
$1,023
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568