This property looks like a bad Mid-Term investment with a projected -7.86% first-year return on $129k initial cash invested.
-7.86%
Cash On Cash
4.62%
Cap Rate
0.75
DSCR
$4,050
Rent
-$846
Cashflow
Cash Flow
$4,050 income − $4,896 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,050
Total Expenses
$4,896
Mortgage P&I
67%
$2,722
Property Taxes
15%
$594
Home Insurance
5%
$185
HOA
0%
$17
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446