This property looks like a bad Mid-Term investment with a projected -5.13% first-year return on $127k initial cash invested.
-5.13%
Cash On Cash
5.22%
Cap Rate
0.86
DSCR
$4,018
Rent
-$543
Cashflow
Cash Flow
$4,018 income − $4,561 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,196
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,018
Total Expenses
$4,561
Mortgage P&I
66%
$2,644
Property Taxes
9%
$366
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442