This property looks like a bad Mid-Term investment with a projected -1% first-year return on $129k initial cash invested.
-1%
Cash On Cash
6.56%
Cap Rate
1.04
DSCR
$5,320
Rent
-$108
Cashflow
Cash Flow
$5,320 income − $5,428 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,320
Total Expenses
$5,428
Mortgage P&I
53%
$2,794
Property Taxes
10%
$545
Home Insurance
4%
$201
HOA
1%
$79
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585