This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $129k initial cash invested.
-8.04%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$4,012
Rent
-$866
Cashflow
Cash Flow
$4,012 income − $4,878 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,012
Total Expenses
$4,878
Mortgage P&I
73%
$2,945
Property Taxes
9%
$375
Home Insurance
5%
$186
HOA
0%
$10
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441