This property looks like a bad Mid-Term investment with a projected -1.46% first-year return on $128k initial cash invested.
-1.46%
Cash On Cash
6.66%
Cap Rate
1.01
DSCR
$4,642
Rent
-$156
Cashflow
Cash Flow
$4,642 income − $4,798 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,236
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,642
Total Expenses
$4,798
Mortgage P&I
62%
$2,876
Property Taxes
3%
$151
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511