This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $128k initial cash invested.
-6.14%
Cash On Cash
5.29%
Cap Rate
0.83
DSCR
$4,890
Rent
-$653
Cashflow
Cash Flow
$4,890 income − $5,543 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,890
Total Expenses
$5,543
Mortgage P&I
56%
$2,758
Property Taxes
17%
$834
Home Insurance
4%
$187
HOA
2%
$100
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538