This property looks like a bad Mid-Term investment with a projected -10.05% first-year return on $127k initial cash invested.
-10.05%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$3,106
Rent
-$1,065
Cashflow
Cash Flow
$3,106 income − $4,171 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,106
Total Expenses
$4,171
Mortgage P&I
85%
$2,646
Property Taxes
9%
$287
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342