This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $128k initial cash invested.
-8.83%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$4,131
Rent
-$942
Cashflow
Cash Flow
$4,131 income − $5,073 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,242
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,131
Total Expenses
$5,073
Mortgage P&I
68%
$2,825
Property Taxes
13%
$532
Home Insurance
5%
$192
HOA
3%
$120
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454