This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $127k initial cash invested.
-6.78%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$3,474
Rent
-$719
Cashflow
Cash Flow
$3,474 income − $4,193 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,474
Total Expenses
$4,193
Mortgage P&I
76%
$2,649
Property Taxes
5%
$181
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382