This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $129k initial cash invested.
-2.88%
Cash On Cash
6.17%
Cap Rate
0.96
DSCR
$4,576
Rent
-$310
Cashflow
Cash Flow
$4,576 income − $4,886 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,576
Total Expenses
$4,886
Mortgage P&I
62%
$2,851
Property Taxes
4%
$174
Home Insurance
4%
$186
HOA
3%
$120
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503