This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $128k initial cash invested.
-4.25%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$4,944
Rent
-$454
Cashflow
Cash Flow
$4,944 income − $5,398 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,944
Total Expenses
$5,398
Mortgage P&I
59%
$2,903
Property Taxes
13%
$639
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544