This property looks like a bad Mid-Term investment with a projected -10.77% first-year return on $129k initial cash invested.
-10.77%
Cash On Cash
4.56%
Cap Rate
0.67
DSCR
$3,874
Rent
-$1,159
Cashflow
Cash Flow
$3,874 income − $5,033 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,295
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,874
Total Expenses
$5,033
Mortgage P&I
78%
$3,018
Property Taxes
13%
$513
Home Insurance
5%
$185
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426