This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $127k initial cash invested.
-4.63%
Cash On Cash
5.53%
Cap Rate
0.88
DSCR
$4,434
Rent
-$491
Cashflow
Cash Flow
$4,434 income − $4,925 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,434
Total Expenses
$4,925
Mortgage P&I
61%
$2,712
Property Taxes
11%
$504
Home Insurance
4%
$182
HOA
0%
$20
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488