This property looks like a bad Mid-Term investment with a projected -6.52% first-year return on $129k initial cash invested.
-6.52%
Cash On Cash
4.81%
Cap Rate
0.79
DSCR
$3,498
Rent
-$701
Cashflow
Cash Flow
$3,498 income − $4,199 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,498
Total Expenses
$4,199
Mortgage P&I
77%
$2,680
Property Taxes
4%
$137
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385