This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $129k initial cash invested.
-2.16%
Cash On Cash
6.33%
Cap Rate
0.99
DSCR
$5,150
Rent
-$232
Cashflow
Cash Flow
$5,150 income − $5,382 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,283
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,150
Total Expenses
$5,382
Mortgage P&I
55%
$2,811
Property Taxes
7%
$337
Home Insurance
4%
$192
HOA
6%
$292
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566