This property looks like a bad Mid-Term investment with a projected -9.99% first-year return on $129k initial cash invested.
-9.99%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$3,236
Rent
-$1,075
Cashflow
Cash Flow
$3,236 income − $4,311 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,236
Total Expenses
$4,311
Mortgage P&I
87%
$2,827
Property Taxes
6%
$200
Home Insurance
6%
$185
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356