This property looks like a bad Mid-Term investment with a projected -12.17% first-year return on $127k initial cash invested.
-12.17%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$3,030
Rent
-$1,290
Cashflow
Cash Flow
$3,030 income − $4,320 expenses = $1,290 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,030
Total Expenses
$4,320
Mortgage P&I
92%
$2,789
Property Taxes
11%
$319
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333