This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $128k initial cash invested.
-12.99%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$2,967
Rent
-$1,386
Cashflow
Cash Flow
$2,967 income − $4,353 expenses = $1,386 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,239
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$4,353
Mortgage P&I
94%
$2,777
Property Taxes
13%
$376
Home Insurance
6%
$191
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326