This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $130k initial cash invested.
-5.43%
Cash On Cash
5.31%
Cap Rate
0.86
DSCR
$4,965
Rent
-$588
Cashflow
Cash Flow
$4,965 income − $5,553 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,327
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,965
Total Expenses
$5,553
Mortgage P&I
55%
$2,746
Property Taxes
18%
$886
Home Insurance
4%
$189
HOA
1%
$43
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546