This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $130k initial cash invested.
-7.2%
Cash On Cash
4.99%
Cap Rate
0.78
DSCR
$4,227
Rent
-$779
Cashflow
Cash Flow
$4,227 income − $5,006 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,322
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,227
Total Expenses
$5,006
Mortgage P&I
67%
$2,825
Property Taxes
13%
$542
Home Insurance
5%
$202
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465