This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $130k initial cash invested.
-1.03%
Cash On Cash
6.36%
Cap Rate
1.03
DSCR
$4,612
Rent
-$112
Cashflow
Cash Flow
$4,612 income − $4,724 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,338
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,612
Total Expenses
$4,724
Mortgage P&I
60%
$2,758
Property Taxes
5%
$208
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507