This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $127k initial cash invested.
-3.48%
Cash On Cash
6.14%
Cap Rate
0.94
DSCR
$4,912
Rent
-$369
Cashflow
Cash Flow
$4,912 income − $5,281 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,912
Total Expenses
$5,281
Mortgage P&I
58%
$2,829
Property Taxes
12%
$600
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540