This property looks like a bad Mid-Term investment with a projected -14.08% first-year return on $128k initial cash invested.
-14.08%
Cash On Cash
3.59%
Cap Rate
0.53
DSCR
$3,038
Rent
-$1,502
Cashflow
Cash Flow
$3,038 income − $4,540 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,237
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,038
Total Expenses
$4,540
Mortgage P&I
97%
$2,947
Property Taxes
12%
$367
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334