This property looks like a bad Mid-Term investment with a projected -4.72% first-year return on $128k initial cash invested.
-4.72%
Cash On Cash
5.57%
Cap Rate
0.88
DSCR
$4,516
Rent
-$504
Cashflow
Cash Flow
$4,516 income − $5,020 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,244
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,516
Total Expenses
$5,020
Mortgage P&I
61%
$2,756
Property Taxes
12%
$543
Home Insurance
4%
$185
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497