This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $128k initial cash invested.
-5.73%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$4,130
Rent
-$610
Cashflow
Cash Flow
$4,130 income − $4,740 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,230
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,130
Total Expenses
$4,740
Mortgage P&I
69%
$2,870
Property Taxes
7%
$279
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454