This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $129k initial cash invested.
-2.8%
Cash On Cash
5.89%
Cap Rate
0.96
DSCR
$4,899
Rent
-$301
Cashflow
Cash Flow
$4,899 income − $5,200 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,277
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,899
Total Expenses
$5,200
Mortgage P&I
55%
$2,697
Property Taxes
14%
$662
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539