This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $127k initial cash invested.
-7.68%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$4,046
Rent
-$814
Cashflow
Cash Flow
$4,046 income − $4,860 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$4,860
Mortgage P&I
71%
$2,868
Property Taxes
10%
$418
Home Insurance
5%
$184
HOA
0%
$14
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445