This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $129k initial cash invested.
-2.75%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$4,602
Rent
-$296
Cashflow
Cash Flow
$4,602 income − $4,898 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,602
Total Expenses
$4,898
Mortgage P&I
63%
$2,879
Property Taxes
6%
$269
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506