This property looks like a bad Mid-Term investment with a projected -9.9% first-year return on $128k initial cash invested.
-9.9%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$4,701
Rent
-$1,055
Cashflow
Cash Flow
$4,701 income − $5,756 expenses = $1,055 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%
$5,235
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,701
Total Expenses
$5,756
Mortgage P&I
59%
$2,785
Property Taxes
9%
$445
Home Insurance
4%
$191
HOA
16%
$737
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517