This property looks like a bad Mid-Term investment with a projected -8.4% first-year return on $129k initial cash invested.
-8.4%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$3,465
Rent
-$905
Cashflow
Cash Flow
$3,465 income − $4,370 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$4,370
Mortgage P&I
79%
$2,722
Property Taxes
4%
$131
Home Insurance
5%
$186
HOA
4%
$152
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381