This property looks like a bad Mid-Term investment with a projected -8.14% first-year return on $129k initial cash invested.
-8.14%
Cash On Cash
4.48%
Cap Rate
0.74
DSCR
$4,155
Rent
-$874
Cashflow
Cash Flow
$4,155 income − $5,029 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,155
Total Expenses
$5,029
Mortgage P&I
65%
$2,681
Property Taxes
18%
$749
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457