This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $130k initial cash invested.
-6.93%
Cash On Cash
5.5%
Cap Rate
0.81
DSCR
$4,836
Rent
-$753
Cashflow
Cash Flow
$4,836 income − $5,589 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,836
Total Expenses
$5,589
Mortgage P&I
62%
$3,013
Property Taxes
15%
$746
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532