This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $129k initial cash invested.
-1.27%
Cash On Cash
6.53%
Cap Rate
1.03
DSCR
$5,334
Rent
-$137
Cashflow
Cash Flow
$5,334 income − $5,471 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,294
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,334
Total Expenses
$5,471
Mortgage P&I
53%
$2,807
Property Taxes
13%
$677
Home Insurance
3%
$174
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587