This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $129k initial cash invested.
-10.76%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$4,736
Rent
-$1,156
Cashflow
Cash Flow
$4,736 income − $5,892 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,282
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,736
Total Expenses
$5,892
Mortgage P&I
62%
$2,927
Property Taxes
25%
$1,164
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521