This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $127k initial cash invested.
-1.36%
Cash On Cash
6.26%
Cap Rate
1.02
DSCR
$4,742
Rent
-$144
Cashflow
Cash Flow
$4,742 income − $4,886 expenses = $144 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%
$5,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,742
Total Expenses
$4,886
Mortgage P&I
56%
$2,668
Property Taxes
9%
$408
Home Insurance
4%
$184
HOA
0%
$13
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522