This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $129k initial cash invested.
-6.45%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$3,966
Rent
-$693
Cashflow
Cash Flow
$3,966 income − $4,659 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,282
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$4,659
Mortgage P&I
74%
$2,918
Property Taxes
5%
$208
Home Insurance
5%
$180
HOA
0%
$4
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436