This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $130k initial cash invested.
-6.85%
Cash On Cash
5.22%
Cap Rate
0.8
DSCR
$4,378
Rent
-$743
Cashflow
Cash Flow
$4,378 income − $5,121 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,338
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,378
Total Expenses
$5,121
Mortgage P&I
66%
$2,892
Property Taxes
13%
$550
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482