This property looks like a bad Mid-Term investment with a projected -12.52% first-year return on $128k initial cash invested.
-12.52%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$2,612
Rent
-$1,335
Cashflow
Cash Flow
$2,612 income − $3,947 expenses = $1,335 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,238
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,612
Total Expenses
$3,947
Mortgage P&I
104%
$2,713
Property Taxes
6%
$161
Home Insurance
7%
$187
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287