This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $130k initial cash invested.
-3.01%
Cash On Cash
6.47%
Cap Rate
0.96
DSCR
$4,980
Rent
-$326
Cashflow
Cash Flow
$4,980 income − $5,306 expenses = $326 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%
$5,340
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,980
Total Expenses
$5,306
Mortgage P&I
60%
$3,008
Property Taxes
8%
$418
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548