This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $129k initial cash invested.
-6.79%
Cash On Cash
4.96%
Cap Rate
0.79
DSCR
$3,818
Rent
-$730
Cashflow
Cash Flow
$3,818 income − $4,548 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,289
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,818
Total Expenses
$4,548
Mortgage P&I
72%
$2,763
Property Taxes
7%
$275
Home Insurance
5%
$191
HOA
1%
$20
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420