This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $128k initial cash invested.
-6.35%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$4,642
Rent
-$680
Cashflow
Cash Flow
$4,642 income − $5,322 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,259
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,642
Total Expenses
$5,322
Mortgage P&I
63%
$2,917
Property Taxes
14%
$642
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511