This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $127k initial cash invested.
-7.61%
Cash On Cash
4.75%
Cap Rate
0.75
DSCR
$3,381
Rent
-$808
Cashflow
Cash Flow
$3,381 income − $4,189 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,209
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,381
Total Expenses
$4,189
Mortgage P&I
81%
$2,735
Property Taxes
4%
$123
Home Insurance
5%
$182
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372