This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $130k initial cash invested.
-7.38%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$4,269
Rent
-$802
Cashflow
Cash Flow
$4,269 income − $5,071 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,269
Total Expenses
$5,071
Mortgage P&I
69%
$2,933
Property Taxes
12%
$499
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470