This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $128k initial cash invested.
-4.41%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$4,634
Rent
-$469
Cashflow
Cash Flow
$4,634 income − $5,103 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,634
Total Expenses
$5,103
Mortgage P&I
62%
$2,875
Property Taxes
8%
$391
Home Insurance
4%
$192
HOA
2%
$70
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510