This property looks like a bad Mid-Term investment with a projected -11.28% first-year return on $129k initial cash invested.
-11.28%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$3,135
Rent
-$1,215
Cashflow
Cash Flow
$3,135 income − $4,350 expenses = $1,215 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%
$5,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,135
Total Expenses
$4,350
Mortgage P&I
90%
$2,821
Property Taxes
9%
$278
Home Insurance
6%
$186
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345