This property looks like a bad Mid-Term investment with a projected -17.13% first-year return on $129k initial cash invested.
-17.13%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$2,184
Rent
-$1,845
Cashflow
Cash Flow
$2,184 income − $4,029 expenses = $1,845 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,184
Total Expenses
$4,029
Mortgage P&I
138%
$3,007
Property Taxes
4%
$94
Home Insurance
9%
$186
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$240