This property looks like a bad Mid-Term investment with a projected -14.75% first-year return on $128k initial cash invested.
-14.75%
Cash On Cash
3.4%
Cap Rate
0.5
DSCR
$2,644
Rent
-$1,569
Cashflow
Cash Flow
$2,644 income − $4,213 expenses = $1,569 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,223
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,644
Total Expenses
$4,213
Mortgage P&I
111%
$2,942
Property Taxes
7%
$180
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291