This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $128k initial cash invested.
-3.87%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$5,151
Rent
-$414
Cashflow
Cash Flow
$5,151 income − $5,565 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,151
Total Expenses
$5,565
Mortgage P&I
56%
$2,880
Property Taxes
15%
$749
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567