This property looks like a bad Mid-Term investment with a projected -6.11% first-year return on $128k initial cash invested.
-6.11%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$4,390
Rent
-$650
Cashflow
Cash Flow
$4,390 income − $5,040 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,224
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,390
Total Expenses
$5,040
Mortgage P&I
64%
$2,827
Property Taxes
12%
$527
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483