This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $130k initial cash invested.
-3.92%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$4,773
Rent
-$425
Cashflow
Cash Flow
$4,773 income − $5,198 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,773
Total Expenses
$5,198
Mortgage P&I
61%
$2,929
Property Taxes
10%
$457
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525