This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $129k initial cash invested.
-9.35%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$3,582
Rent
-$1,007
Cashflow
Cash Flow
$3,582 income − $4,589 expenses = $1,007 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%
$5,295
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,582
Total Expenses
$4,589
Mortgage P&I
76%
$2,719
Property Taxes
13%
$452
Home Insurance
5%
$192
HOA
0%
$9
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394