This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $130k initial cash invested.
-4.04%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$4,734
Rent
-$438
Cashflow
Cash Flow
$4,734 income − $5,172 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,342
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,734
Total Expenses
$5,172
Mortgage P&I
61%
$2,897
Property Taxes
10%
$477
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521