This property looks like a bad Mid-Term investment with a projected -1.51% first-year return on $128k initial cash invested.
-1.51%
Cash On Cash
6.3%
Cap Rate
1.01
DSCR
$4,954
Rent
-$161
Cashflow
Cash Flow
$4,954 income − $5,115 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,219
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,954
Total Expenses
$5,115
Mortgage P&I
55%
$2,703
Property Taxes
11%
$542
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545