This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $130k initial cash invested.
-4.25%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$4,401
Rent
-$461
Cashflow
Cash Flow
$4,401 income − $4,862 expenses = $461 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%
$5,347
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,401
Total Expenses
$4,862
Mortgage P&I
67%
$2,933
Property Taxes
5%
$241
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484