This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $129k initial cash invested.
-8.32%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$3,741
Rent
-$894
Cashflow
Cash Flow
$3,741 income − $4,635 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,280
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$4,635
Mortgage P&I
77%
$2,894
Property Taxes
7%
$251
Home Insurance
5%
$192
HOA
1%
$25
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412