This property looks like a bad Mid-Term investment with a projected -6.3% first-year return on $129k initial cash invested.
-6.3%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$4,294
Rent
-$675
Cashflow
Cash Flow
$4,294 income − $4,969 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,266
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,294
Total Expenses
$4,969
Mortgage P&I
66%
$2,824
Property Taxes
12%
$499
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472