This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $127k initial cash invested.
-2.4%
Cash On Cash
6.35%
Cap Rate
0.98
DSCR
$4,810
Rent
-$254
Cashflow
Cash Flow
$4,810 income − $5,064 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,810
Total Expenses
$5,064
Mortgage P&I
59%
$2,814
Property Taxes
9%
$444
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529