This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $130k initial cash invested.
-3.61%
Cash On Cash
5.74%
Cap Rate
0.92
DSCR
$4,292
Rent
-$392
Cashflow
Cash Flow
$4,292 income − $4,684 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,292
Total Expenses
$4,684
Mortgage P&I
65%
$2,778
Property Taxes
6%
$262
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472