This property looks like a bad Mid-Term investment with a projected -0.39% first-year return on $128k initial cash invested.
-0.39%
Cash On Cash
6.81%
Cap Rate
1.06
DSCR
$5,284
Rent
-$42
Cashflow
Cash Flow
$5,284 income − $5,326 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,231
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,284
Total Expenses
$5,326
Mortgage P&I
53%
$2,800
Property Taxes
11%
$555
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$634
CapEx
4%
$211
Vacancy
3%
$159
Maintenance
4%
$211
Other
11%
$581