This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $130k initial cash invested.
-6.12%
Cash On Cash
5.4%
Cap Rate
0.83
DSCR
$4,461
Rent
-$663
Cashflow
Cash Flow
$4,461 income − $5,124 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,333
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,461
Total Expenses
$5,124
Mortgage P&I
65%
$2,886
Property Taxes
12%
$531
Home Insurance
4%
$191
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491