This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $127k initial cash invested.
-2.2%
Cash On Cash
5.95%
Cap Rate
0.98
DSCR
$4,586
Rent
-$233
Cashflow
Cash Flow
$4,586 income − $4,819 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,196
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,586
Total Expenses
$4,819
Mortgage P&I
57%
$2,627
Property Taxes
10%
$450
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$504