This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $129k initial cash invested.
-5.94%
Cash On Cash
5.11%
Cap Rate
0.82
DSCR
$4,016
Rent
-$639
Cashflow
Cash Flow
$4,016 income − $4,655 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,291
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$4,655
Mortgage P&I
68%
$2,730
Property Taxes
9%
$367
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442