This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $129k initial cash invested.
-6.7%
Cash On Cash
4.87%
Cap Rate
0.79
DSCR
$4,077
Rent
-$722
Cashflow
Cash Flow
$4,077 income − $4,799 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,305
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,077
Total Expenses
$4,799
Mortgage P&I
67%
$2,712
Property Taxes
13%
$516
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448