This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $129k initial cash invested.
-11.97%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$3,027
Rent
-$1,285
Cashflow
Cash Flow
$3,027 income − $4,312 expenses = $1,285 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%
$5,275
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$4,312
Mortgage P&I
94%
$2,860
Property Taxes
8%
$231
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333