This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $127k initial cash invested.
-9.01%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$3,990
Rent
-$954
Cashflow
Cash Flow
$3,990 income − $4,944 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,195
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$4,944
Mortgage P&I
72%
$2,890
Property Taxes
12%
$470
Home Insurance
5%
$184
HOA
1%
$42
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439