This property looks like a bad Mid-Term investment with a projected -8.88% first-year return on $128k initial cash invested.
-8.88%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$4,020
Rent
-$947
Cashflow
Cash Flow
$4,020 income − $4,967 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,234
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$4,967
Mortgage P&I
71%
$2,846
Property Taxes
9%
$342
Home Insurance
5%
$184
HOA
6%
$228
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442