This property looks like a bad Mid-Term investment with a projected -12.67% first-year return on $129k initial cash invested.
-12.67%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$3,416
Rent
-$1,363
Cashflow
Cash Flow
$3,416 income − $4,779 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,416
Total Expenses
$4,779
Mortgage P&I
86%
$2,926
Property Taxes
15%
$499
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376