This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $129k initial cash invested.
-1.63%
Cash On Cash
6.24%
Cap Rate
1.01
DSCR
$5,169
Rent
-$175
Cashflow
Cash Flow
$5,169 income − $5,344 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,292
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,169
Total Expenses
$5,344
Mortgage P&I
53%
$2,722
Property Taxes
13%
$677
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569