This property looks like a bad Mid-Term investment with a projected -6.54% first-year return on $129k initial cash invested.
-6.54%
Cash On Cash
5.16%
Cap Rate
0.83
DSCR
$5,604
Rent
-$706
Cashflow
Cash Flow
$5,604 income − $6,310 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,307
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,604
Total Expenses
$6,310
Mortgage P&I
49%
$2,762
Property Taxes
26%
$1,455
Home Insurance
3%
$189
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616