This property looks like a bad Mid-Term investment with a projected -4.3% first-year return on $129k initial cash invested.
-4.3%
Cash On Cash
5.6%
Cap Rate
0.9
DSCR
$4,965
Rent
-$461
Cashflow
Cash Flow
$4,965 income − $5,426 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,965
Total Expenses
$5,426
Mortgage P&I
55%
$2,724
Property Taxes
17%
$828
Home Insurance
4%
$185
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546