This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $129k initial cash invested.
-8.54%
Cash On Cash
4.99%
Cap Rate
0.75
DSCR
$4,221
Rent
-$920
Cashflow
Cash Flow
$4,221 income − $5,141 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,298
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,221
Total Expenses
$5,141
Mortgage P&I
70%
$2,954
Property Taxes
13%
$566
Home Insurance
4%
$185
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464