This property looks like a bad Mid-Term investment with a projected -0.61% first-year return on $129k initial cash invested.
-0.61%
Cash On Cash
6.63%
Cap Rate
1.05
DSCR
$5,066
Rent
-$66
Cashflow
Cash Flow
$5,066 income − $5,132 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,285
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,066
Total Expenses
$5,132
Mortgage P&I
55%
$2,783
Property Taxes
9%
$434
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$557