This property looks like a bad Mid-Term investment with a projected -8.43% first-year return on $129k initial cash invested.
-8.43%
Cash On Cash
4.95%
Cap Rate
0.75
DSCR
$4,398
Rent
-$904
Cashflow
Cash Flow
$4,398 income − $5,302 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,268
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,398
Total Expenses
$5,302
Mortgage P&I
66%
$2,901
Property Taxes
16%
$716
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484