This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $129k initial cash invested.
-10.76%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$3,702
Rent
-$1,159
Cashflow
Cash Flow
$3,702 income − $4,861 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,702
Total Expenses
$4,861
Mortgage P&I
79%
$2,911
Property Taxes
4%
$156
Home Insurance
5%
$186
HOA
9%
$350
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407