This property looks like a bad Mid-Term investment with a projected -8.31% first-year return on $127k initial cash invested.
-8.31%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$3,448
Rent
-$881
Cashflow
Cash Flow
$3,448 income − $4,329 expenses = $881 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%
$5,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,448
Total Expenses
$4,329
Mortgage P&I
81%
$2,788
Property Taxes
7%
$247
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379