This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $130k initial cash invested.
-5.07%
Cash On Cash
5.96%
Cap Rate
0.88
DSCR
$4,898
Rent
-$550
Cashflow
Cash Flow
$4,898 income − $5,448 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$107k
Closing costs
1%
$5,336
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,898
Total Expenses
$5,448
Mortgage P&I
61%
$3,006
Property Taxes
12%
$590
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539