This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $129k initial cash invested.
-7.88%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$4,596
Rent
-$849
Cashflow
Cash Flow
$4,596 income − $5,445 expenses = $849 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%
$5,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,596
Total Expenses
$5,445
Mortgage P&I
64%
$2,930
Property Taxes
16%
$743
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506