This property looks like a bad Mid-Term investment with a projected -7.06% first-year return on $128k initial cash invested.
-7.06%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$3,999
Rent
-$753
Cashflow
Cash Flow
$3,999 income − $4,752 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,999
Total Expenses
$4,752
Mortgage P&I
72%
$2,865
Property Taxes
6%
$255
Home Insurance
5%
$189
HOA
2%
$83
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440