This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $127k initial cash invested.
-6.71%
Cash On Cash
5.57%
Cap Rate
0.82
DSCR
$4,330
Rent
-$712
Cashflow
Cash Flow
$4,330 income − $5,042 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,209
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,330
Total Expenses
$5,042
Mortgage P&I
68%
$2,959
Property Taxes
10%
$427
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476