This property looks like a bad Mid-Term investment with a projected -16.06% first-year return on $128k initial cash invested.
-16.06%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,292
Rent
-$1,707
Cashflow
Cash Flow
$2,292 income − $3,999 expenses = $1,707 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,292
Total Expenses
$3,999
Mortgage P&I
125%
$2,875
Property Taxes
7%
$152
Home Insurance
8%
$192
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252