This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $129k initial cash invested.
-5.54%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$4,434
Rent
-$595
Cashflow
Cash Flow
$4,434 income − $5,029 expenses = $595 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%
$5,278
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,434
Total Expenses
$5,029
Mortgage P&I
65%
$2,861
Property Taxes
7%
$309
Home Insurance
5%
$240
HOA
3%
$112
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488