This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $129k initial cash invested.
-2.98%
Cash On Cash
6.33%
Cap Rate
0.97
DSCR
$5,924
Rent
-$321
Cashflow
Cash Flow
$5,924 income − $6,245 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,304
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,924
Total Expenses
$6,245
Mortgage P&I
49%
$2,880
Property Taxes
20%
$1,163
Home Insurance
3%
$187
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$652