This property looks like a bad Mid-Term investment with a projected -10.46% first-year return on $129k initial cash invested.
-10.46%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$3,780
Rent
-$1,126
Cashflow
Cash Flow
$3,780 income − $4,906 expenses = $1,126 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,293
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,780
Total Expenses
$4,906
Mortgage P&I
71%
$2,694
Property Taxes
19%
$731
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416