This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $130k initial cash invested.
-6.36%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$4,065
Rent
-$688
Cashflow
Cash Flow
$4,065 income − $4,753 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,323
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,065
Total Expenses
$4,753
Mortgage P&I
71%
$2,872
Property Taxes
8%
$323
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447