This property looks like a bad Mid-Term investment with a projected -8.91% first-year return on $128k initial cash invested.
-8.91%
Cash On Cash
4.32%
Cap Rate
0.7
DSCR
$3,106
Rent
-$951
Cashflow
Cash Flow
$3,106 income − $4,057 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,242
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,106
Total Expenses
$4,057
Mortgage P&I
87%
$2,713
Property Taxes
3%
$79
Home Insurance
6%
$192
HOA
1%
$17
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342