This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $129k initial cash invested.
-8.1%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$4,077
Rent
-$872
Cashflow
Cash Flow
$4,077 income − $4,949 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,077
Total Expenses
$4,949
Mortgage P&I
71%
$2,887
Property Taxes
9%
$385
Home Insurance
4%
$175
HOA
3%
$117
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448