This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $129k initial cash invested.
-2.15%
Cash On Cash
6.55%
Cap Rate
0.99
DSCR
$5,082
Rent
-$232
Cashflow
Cash Flow
$5,082 income − $5,314 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,302
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,082
Total Expenses
$5,314
Mortgage P&I
57%
$2,922
Property Taxes
9%
$476
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559