This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $129k initial cash invested.
-2.02%
Cash On Cash
6.02%
Cap Rate
0.99
DSCR
$4,740
Rent
-$217
Cashflow
Cash Flow
$4,740 income − $4,957 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,281
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,740
Total Expenses
$4,957
Mortgage P&I
56%
$2,675
Property Taxes
11%
$518
Home Insurance
3%
$152
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521