This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $129k initial cash invested.
-6.9%
Cash On Cash
4.88%
Cap Rate
0.79
DSCR
$4,214
Rent
-$743
Cashflow
Cash Flow
$4,214 income − $4,957 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,214
Total Expenses
$4,957
Mortgage P&I
65%
$2,729
Property Taxes
14%
$608
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464