This property looks like a bad Mid-Term investment with a projected -10.87% first-year return on $128k initial cash invested.
-10.87%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$3,134
Rent
-$1,159
Cashflow
Cash Flow
$3,134 income − $4,293 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,237
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$4,293
Mortgage P&I
91%
$2,846
Property Taxes
6%
$177
Home Insurance
6%
$201
HOA
0%
$4
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345