This property looks like a bad Mid-Term investment with a projected -5.55% first-year return on $130k initial cash invested.
-5.55%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$4,198
Rent
-$602
Cashflow
Cash Flow
$4,198 income − $4,800 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,198
Total Expenses
$4,800
Mortgage P&I
69%
$2,878
Property Taxes
7%
$306
Home Insurance
4%
$188
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462