This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $128k initial cash invested.
-11.83%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$3,910
Rent
-$1,259
Cashflow
Cash Flow
$3,910 income − $5,169 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,224
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,910
Total Expenses
$5,169
Mortgage P&I
74%
$2,906
Property Taxes
19%
$744
Home Insurance
5%
$191
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430