This property looks like a bad Mid-Term investment with a projected -14.79% first-year return on $128k initial cash invested.
-14.79%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$2,716
Rent
-$1,574
Cashflow
Cash Flow
$2,716 income − $4,290 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,225
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,716
Total Expenses
$4,290
Mortgage P&I
105%
$2,862
Property Taxes
11%
$304
Home Insurance
7%
$200
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299