This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $129k initial cash invested.
-5.99%
Cash On Cash
5.02%
Cap Rate
0.82
DSCR
$3,674
Rent
-$644
Cashflow
Cash Flow
$3,674 income − $4,318 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,674
Total Expenses
$4,318
Mortgage P&I
74%
$2,709
Property Taxes
5%
$175
Home Insurance
5%
$185
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404