This property looks like a bad Mid-Term investment with a projected -8.52% first-year return on $129k initial cash invested.
-8.52%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$3,783
Rent
-$918
Cashflow
Cash Flow
$3,783 income − $4,701 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,783
Total Expenses
$4,701
Mortgage P&I
75%
$2,829
Property Taxes
11%
$401
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416