This property looks like a bad Mid-Term investment with a projected -13.64% first-year return on $129k initial cash invested.
-13.64%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$2,834
Rent
-$1,464
Cashflow
Cash Flow
$2,834 income − $4,298 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,275
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,834
Total Expenses
$4,298
Mortgage P&I
104%
$2,937
Property Taxes
8%
$213
Home Insurance
7%
$185
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312