This property looks like a bad Mid-Term investment with a projected -10.32% first-year return on $129k initial cash invested.
-10.32%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$4,078
Rent
-$1,113
Cashflow
Cash Flow
$4,078 income − $5,191 expenses = $1,113 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,305
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,078
Total Expenses
$5,191
Mortgage P&I
70%
$2,866
Property Taxes
10%
$420
Home Insurance
5%
$184
HOA
8%
$335
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449