This property looks like a bad Mid-Term investment with a projected -11.31% first-year return on $127k initial cash invested.
-11.31%
Cash On Cash
3.83%
Cap Rate
0.61
DSCR
$2,960
Rent
-$1,199
Cashflow
Cash Flow
$2,960 income − $4,159 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$4,159
Mortgage P&I
93%
$2,739
Property Taxes
8%
$232
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326