This property looks like a bad Mid-Term investment with a projected -16.84% first-year return on $129k initial cash invested.
-16.84%
Cash On Cash
2.2%
Cap Rate
0.36
DSCR
$2,278
Rent
-$1,804
Cashflow
Cash Flow
$2,278 income − $4,082 expenses = $1,804 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,263
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$4,082
Mortgage P&I
118%
$2,677
Property Taxes
19%
$442
Home Insurance
8%
$189
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251