This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $129k initial cash invested.
-4.8%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$5,391
Rent
-$517
Cashflow
Cash Flow
$5,391 income − $5,908 expenses = $517 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%
$5,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,391
Total Expenses
$5,908
Mortgage P&I
54%
$2,892
Property Taxes
10%
$526
Home Insurance
4%
$189
HOA
9%
$467
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593