This property looks like a bad Mid-Term investment with a projected -8.91% first-year return on $129k initial cash invested.
-8.91%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$3,478
Rent
-$957
Cashflow
Cash Flow
$3,478 income − $4,435 expenses = $957 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,282
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,435
Mortgage P&I
84%
$2,919
Property Taxes
4%
$145
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383