This property looks like a bad Mid-Term investment with a projected -8.46% first-year return on $129k initial cash invested.
-8.46%
Cash On Cash
4.99%
Cap Rate
0.75
DSCR
$4,572
Rent
-$912
Cashflow
Cash Flow
$4,572 income − $5,484 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,572
Total Expenses
$5,484
Mortgage P&I
64%
$2,935
Property Taxes
18%
$808
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503