This property looks like a bad Mid-Term investment with a projected -9.22% first-year return on $127k initial cash invested.
-9.22%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$3,850
Rent
-$977
Cashflow
Cash Flow
$3,850 income − $4,827 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$4,827
Mortgage P&I
72%
$2,766
Property Taxes
14%
$533
Home Insurance
5%
$189
HOA
1%
$29
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424