This property looks like a bad Mid-Term investment with a projected -21.89% first-year return on $129k initial cash invested.
-21.89%
Cash On Cash
1.37%
Cap Rate
0.21
DSCR
$2,031
Rent
-$2,360
Cashflow
Cash Flow
$2,031 income − $4,391 expenses = $2,360 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%
$5,304
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,031
Total Expenses
$4,391
Mortgage P&I
142%
$2,884
Property Taxes
31%
$625
Home Insurance
9%
$192
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223