This property looks like a bad Mid-Term investment with a projected -7.15% first-year return on $127k initial cash invested.
-7.15%
Cash On Cash
5.32%
Cap Rate
0.79
DSCR
$3,806
Rent
-$757
Cashflow
Cash Flow
$3,806 income − $4,563 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,806
Total Expenses
$4,563
Mortgage P&I
76%
$2,906
Property Taxes
4%
$171
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419