This property looks like a bad Mid-Term investment with a projected -15.99% first-year return on $129k initial cash invested.
-15.99%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$2,715
Rent
-$1,714
Cashflow
Cash Flow
$2,715 income − $4,429 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,269
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$4,429
Mortgage P&I
105%
$2,838
Property Taxes
18%
$479
Home Insurance
7%
$184
HOA
0%
$4
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299