This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $129k initial cash invested.
-10.9%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$3,436
Rent
-$1,168
Cashflow
Cash Flow
$3,436 income − $4,604 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,268
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$4,604
Mortgage P&I
79%
$2,700
Property Taxes
17%
$571
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378