This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $130k initial cash invested.
-1.31%
Cash On Cash
6.37%
Cap Rate
1.02
DSCR
$5,259
Rent
-$142
Cashflow
Cash Flow
$5,259 income − $5,401 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,345
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,259
Total Expenses
$5,401
Mortgage P&I
53%
$2,768
Property Taxes
13%
$659
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$631
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578