This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $130k initial cash invested.
-2.31%
Cash On Cash
6.03%
Cap Rate
0.98
DSCR
$4,946
Rent
-$251
Cashflow
Cash Flow
$4,946 income − $5,197 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,345
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,946
Total Expenses
$5,197
Mortgage P&I
55%
$2,738
Property Taxes
12%
$585
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544