This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $129k initial cash invested.
-5.18%
Cash On Cash
5.9%
Cap Rate
0.87
DSCR
$4,467
Rent
-$557
Cashflow
Cash Flow
$4,467 income − $5,024 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,467
Total Expenses
$5,024
Mortgage P&I
67%
$2,977
Property Taxes
8%
$343
Home Insurance
4%
$185
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491