This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $122k initial cash invested.
-7.01%
Cash On Cash
4.8%
Cap Rate
0.79
DSCR
$3,784
Rent
-$712
Cashflow
Cash Flow
$3,784 income − $4,496 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$105k
Closing costs
1%
$5,229
Rehab
0%
$0
Furnishing
2%
$12,000
Cashflow
Total Income
$3,784
Total Expenses
$4,496
Mortgage P&I
70%
$2,652
Property Taxes
10%
$375
Home Insurance
5%
$183
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416