This property looks like a bad Mid-Term investment with a projected -16.28% first-year return on $129k initial cash invested.
-16.28%
Cash On Cash
2.39%
Cap Rate
0.39
DSCR
$2,409
Rent
-$1,754
Cashflow
Cash Flow
$2,409 income − $4,163 expenses = $1,754 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%
$5,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$4,163
Mortgage P&I
113%
$2,714
Property Taxes
18%
$445
Home Insurance
8%
$186
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265