This property looks like a bad Mid-Term investment with a projected -5.6% first-year return on $128k initial cash invested.
-5.6%
Cash On Cash
5.44%
Cap Rate
0.85
DSCR
$4,062
Rent
-$596
Cashflow
Cash Flow
$4,062 income − $4,658 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,229
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,062
Total Expenses
$4,658
Mortgage P&I
69%
$2,805
Property Taxes
7%
$289
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$447