This property looks like a bad Mid-Term investment with a projected -13.62% first-year return on $129k initial cash invested.
-13.62%
Cash On Cash
3.68%
Cap Rate
0.54
DSCR
$2,786
Rent
-$1,465
Cashflow
Cash Flow
$2,786 income − $4,251 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,786
Total Expenses
$4,251
Mortgage P&I
107%
$2,975
Property Taxes
4%
$122
Home Insurance
7%
$185
HOA
1%
$23
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306