This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $129k initial cash invested.
-5.49%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$5,028
Rent
-$592
Cashflow
Cash Flow
$5,028 income − $5,620 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,028
Total Expenses
$5,620
Mortgage P&I
58%
$2,935
Property Taxes
16%
$790
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553