This property looks like a bad Mid-Term investment with a projected -6.39% first-year return on $129k initial cash invested.
-6.39%
Cash On Cash
5.57%
Cap Rate
0.83
DSCR
$4,815
Rent
-$687
Cashflow
Cash Flow
$4,815 income − $5,502 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,287
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$5,502
Mortgage P&I
61%
$2,947
Property Taxes
15%
$733
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530