This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $129k initial cash invested.
-0.24%
Cash On Cash
7%
Cap Rate
1.07
DSCR
$5,542
Rent
-$26
Cashflow
Cash Flow
$5,542 income − $5,568 expenses = $26 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%
$5,301
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,542
Total Expenses
$5,568
Mortgage P&I
52%
$2,898
Property Taxes
11%
$627
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610