This property looks like a bad Mid-Term investment with a projected -0.26% first-year return on $129k initial cash invested.
-0.26%
Cash On Cash
6.66%
Cap Rate
1.06
DSCR
$5,140
Rent
-$28
Cashflow
Cash Flow
$5,140 income − $5,168 expenses = $28 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,293
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,140
Total Expenses
$5,168
Mortgage P&I
54%
$2,758
Property Taxes
10%
$516
Home Insurance
3%
$146
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$565