This property looks like a bad Mid-Term investment with a projected -9.1% first-year return on $129k initial cash invested.
-9.1%
Cash On Cash
4.44%
Cap Rate
0.7
DSCR
$3,537
Rent
-$979
Cashflow
Cash Flow
$3,537 income − $4,516 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,537
Total Expenses
$4,516
Mortgage P&I
79%
$2,794
Property Taxes
10%
$336
Home Insurance
5%
$185
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389