This property looks like a bad Mid-Term investment with a projected -3.22% first-year return on $129k initial cash invested.
-3.22%
Cash On Cash
5.84%
Cap Rate
0.94
DSCR
$4,437
Rent
-$347
Cashflow
Cash Flow
$4,437 income − $4,784 expenses = $347 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%
$5,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,437
Total Expenses
$4,784
Mortgage P&I
62%
$2,747
Property Taxes
8%
$341
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488