This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $129k initial cash invested.
-6.42%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$4,299
Rent
-$689
Cashflow
Cash Flow
$4,299 income − $4,988 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,280
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,299
Total Expenses
$4,988
Mortgage P&I
67%
$2,867
Property Taxes
11%
$473
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473