This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $127k initial cash invested.
-3.39%
Cash On Cash
6.35%
Cap Rate
0.95
DSCR
$5,648
Rent
-$359
Cashflow
Cash Flow
$5,648 income − $6,007 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,195
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,648
Total Expenses
$6,007
Mortgage P&I
51%
$2,882
Property Taxes
18%
$1,030
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$621