This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $127k initial cash invested.
-6.79%
Cash On Cash
5.22%
Cap Rate
0.8
DSCR
$3,592
Rent
-$720
Cashflow
Cash Flow
$3,592 income − $4,312 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$4,312
Mortgage P&I
79%
$2,837
Property Taxes
2%
$71
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395