This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $129k initial cash invested.
-3.94%
Cash On Cash
5.9%
Cap Rate
0.91
DSCR
$4,419
Rent
-$423
Cashflow
Cash Flow
$4,419 income − $4,842 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,278
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,419
Total Expenses
$4,842
Mortgage P&I
64%
$2,839
Property Taxes
5%
$242
Home Insurance
4%
$198
HOA
1%
$60
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$486