This property looks like a bad Mid-Term investment with a projected -7.99% first-year return on $129k initial cash invested.
-7.99%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$3,626
Rent
-$860
Cashflow
Cash Flow
$3,626 income − $4,486 expenses = $860 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%
$5,292
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,626
Total Expenses
$4,486
Mortgage P&I
74%
$2,699
Property Taxes
10%
$370
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399