This property looks like a bad Mid-Term investment with a projected -8.91% first-year return on $127k initial cash invested.
-8.91%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$3,478
Rent
-$945
Cashflow
Cash Flow
$3,478 income − $4,423 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,204
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,423
Mortgage P&I
77%
$2,665
Property Taxes
11%
$384
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383