This property looks like a bad Mid-Term investment with a projected -12.53% first-year return on $129k initial cash invested.
-12.53%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$3,516
Rent
-$1,346
Cashflow
Cash Flow
$3,516 income − $4,862 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,281
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,516
Total Expenses
$4,862
Mortgage P&I
82%
$2,870
Property Taxes
17%
$600
Home Insurance
5%
$192
HOA
0%
$4
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387