This property looks like a bad Mid-Term investment with a projected -12.61% first-year return on $128k initial cash invested.
-12.61%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$3,200
Rent
-$1,346
Cashflow
Cash Flow
$3,200 income − $4,546 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,244
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$4,546
Mortgage P&I
87%
$2,787
Property Taxes
15%
$489
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352