This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $129k initial cash invested.
-5.62%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$4,412
Rent
-$604
Cashflow
Cash Flow
$4,412 income − $5,016 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,280
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,412
Total Expenses
$5,016
Mortgage P&I
65%
$2,852
Property Taxes
11%
$491
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485