This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $129k initial cash invested.
-0.45%
Cash On Cash
6.47%
Cap Rate
1.05
DSCR
$4,881
Rent
-$49
Cashflow
Cash Flow
$4,881 income − $4,930 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,881
Total Expenses
$4,930
Mortgage P&I
56%
$2,711
Property Taxes
7%
$336
Home Insurance
4%
$186
HOA
1%
$38
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$537