This property looks like a bad Mid-Term investment with a projected -7.56% first-year return on $129k initial cash invested.
-7.56%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$4,128
Rent
-$814
Cashflow
Cash Flow
$4,128 income − $4,942 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,294
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,128
Total Expenses
$4,942
Mortgage P&I
70%
$2,875
Property Taxes
12%
$477
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454