This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $130k initial cash invested.
-6.72%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$5,026
Rent
-$730
Cashflow
Cash Flow
$5,026 income − $5,756 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,346
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,026
Total Expenses
$5,756
Mortgage P&I
59%
$2,980
Property Taxes
18%
$881
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553