This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $128k initial cash invested.
-5.45%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$3,828
Rent
-$584
Cashflow
Cash Flow
$3,828 income − $4,412 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,261
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,828
Total Expenses
$4,412
Mortgage P&I
74%
$2,830
Property Taxes
2%
$94
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421