This property looks like a bad Mid-Term investment with a projected -14.75% first-year return on $129k initial cash invested.
-14.75%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$2,925
Rent
-$1,590
Cashflow
Cash Flow
$2,925 income − $4,515 expenses = $1,590 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,925
Total Expenses
$4,515
Mortgage P&I
93%
$2,706
Property Taxes
21%
$611
Home Insurance
7%
$192
HOA
0%
$11
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322