This property looks like a bad Mid-Term investment with a projected -10.68% first-year return on $129k initial cash invested.
-10.68%
Cash On Cash
4.12%
Cap Rate
0.64
DSCR
$3,186
Rent
-$1,149
Cashflow
Cash Flow
$3,186 income − $4,335 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,292
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,186
Total Expenses
$4,335
Mortgage P&I
89%
$2,841
Property Taxes
7%
$222
Home Insurance
6%
$190
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350