This property looks like a bad Mid-Term investment with a projected -9.31% first-year return on $129k initial cash invested.
-9.31%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$3,634
Rent
-$1,002
Cashflow
Cash Flow
$3,634 income − $4,636 expenses = $1,002 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,634
Total Expenses
$4,636
Mortgage P&I
80%
$2,895
Property Taxes
9%
$320
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400