This property looks like a bad Mid-Term investment with a projected -9.48% first-year return on $129k initial cash invested.
-9.48%
Cash On Cash
4.78%
Cap Rate
0.71
DSCR
$4,028
Rent
-$1,021
Cashflow
Cash Flow
$4,028 income − $5,049 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,028
Total Expenses
$5,049
Mortgage P&I
74%
$2,970
Property Taxes
13%
$524
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443