This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $128k initial cash invested.
-7.64%
Cash On Cash
4.57%
Cap Rate
0.75
DSCR
$3,434
Rent
-$814
Cashflow
Cash Flow
$3,434 income − $4,248 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,232
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,434
Total Expenses
$4,248
Mortgage P&I
78%
$2,670
Property Taxes
6%
$222
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378