This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $130k initial cash invested.
-4.19%
Cash On Cash
6.13%
Cap Rate
0.92
DSCR
$5,134
Rent
-$455
Cashflow
Cash Flow
$5,134 income − $5,589 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,352
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,134
Total Expenses
$5,589
Mortgage P&I
58%
$2,983
Property Taxes
13%
$677
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565