This property looks like a bad Mid-Term investment with a projected -4.77% first-year return on $130k initial cash invested.
-4.77%
Cash On Cash
6.08%
Cap Rate
0.9
DSCR
$5,464
Rent
-$519
Cashflow
Cash Flow
$5,464 income − $5,983 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,357
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,464
Total Expenses
$5,983
Mortgage P&I
55%
$3,012
Property Taxes
17%
$928
Home Insurance
3%
$184
HOA
0%
$0
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$601