This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $128k initial cash invested.
-8.04%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$3,764
Rent
-$855
Cashflow
Cash Flow
$3,764 income − $4,619 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$104k
Closing costs
1%
$5,223
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,764
Total Expenses
$4,619
Mortgage P&I
77%
$2,892
Property Taxes
6%
$227
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414