This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $128k initial cash invested.
-8.3%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$3,562
Rent
-$885
Cashflow
Cash Flow
$3,562 income − $4,447 expenses = $885 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%
$5,235
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$4,447
Mortgage P&I
79%
$2,821
Property Taxes
6%
$230
Home Insurance
5%
$186
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392