This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $130k initial cash invested.
-6.9%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$4,336
Rent
-$746
Cashflow
Cash Flow
$4,336 income − $5,082 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,319
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,336
Total Expenses
$5,082
Mortgage P&I
67%
$2,916
Property Taxes
12%
$504
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477